Milton, DE
$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners and Special Ryan Savings for EVERY Buyer! ‡
Summerwalk is a neo-traditional community that blends the ease of small-town living with the luxury of on-site amenities. Enjoy a charming neighborhood of single-family and carriage homes set on tree-lined streets with picket fences. The stately clubhouse boasts a fitness center, indoor/outdoor pool, retail shops and a restaurant, while nearby downtown Milton offers additional shopping, dining and entertainment. Proximity to all major routes puts Lewes, Rehoboth and more at your fingertips!
• Located in Milton, DE
• Up to 4 bedrooms and up to 4 ½ bathrooms
• Up to 4,127 square feet
• 2-car garage
• Charming neo-traditional single-family and carriage homes with full basements, 1st floor owner’s suites, spacious floorplans and more
• Custom options include a luxury bathroom, covered porch and a fireplace
• Quaint, welcoming community with tree-lined streets, picket fences and homesites on 1/5 acre
• On-site amenities include an elegant clubhouse with a full fitness center and meeting rooms, an indoor/outdoor pool, specialty retail shops and a restaurant
• Walking distance of historic downtown Milton’s shops, restaurants, art galleries, library, theatre and water access
• Minutes from Lewes and Rehoboth and easy access to Routes 1, 5, 9, 16 and 113
*Federal tax credit up to $8,000 for first-time buyers and $6,500 for move-up buyers available on homes under contract as primary residences by 4/30/2010 and settled by 6/30/2010. $8,000 tax credit is for first-time buyers or those who have not owned a primary residence in 3 years. The $6,500 credit is Available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. Income limitations and other restrictions apply. We suggest you consult a Certified Public Accountant and IRS.gov for tax advice and official requirements. **Savings vary by community. Available on new sales contracts through 12/31/09. Prior sales and homes under construction excluded. Cannot be combined with any other offers. Must use NVR Mortgage, Inc. to receive incentive. Prices, offers and financing subject to change without notice. See a Sales and Marketing Representative for details.
Directions:
From Rt. 1
-Take Rt. 16 West (Broadkill Road)
-Travel 3.5 miles to Rt. 5 South
-Proceed 3.5 miles through downtown Milton
-Turn left on Chestnut Street
-Community entrance on right.
Address: 101 Ellison Drive, Milton, DE 19968
‡ This is a limited time offer and available only on new contracts when financing through NVR Mortgage. Please consult our sales representative for details.
Models Available
Starting from the Low $210's
**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 4.75%, an APR not to exceed 5.53%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0.5 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 95%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 3/18/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year Conventional
Sales Price: $213,990
Interest Rate: 4.75%
Downpayment: 5%
Property Tax Rate: 0.6%
Origination Fee: 1%
Discount Points: 0.5%
Hazard Insurance: 0.21%
PMI: 0.89%
Up Front MI: 0%
Downpayment Estimate: $10,700
Loan amount: $203,291
Up front mortgage insurance amount: $00
$256 (Principal)
+ $805 (Interest)
+ $107 (Property Tax Estimate)
+ $37 (Hazard Insurance Estimate)
+ $151 (PMI Estimate)
+ $00 (Condo Fees)
- $224 (1st Year Tax Savings Estimate)
-------------------
$1,132 : Estimated Monthly Payment
Federal tax credit up to $8,000 for first-time buyers and $6,500 for move-up buyers available on homes under contract as primary residences by 4/30/2010 and settled by 6/30/2010. $8,000 tax credit is for first-time buyers or those who have not owned a primary residence in 3 years. The $6,500 credit is Available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. Income limitations and other restrictions apply. We suggest you consult a Certified Public Accountant and IRS.gov for tax advice and official requirements. Prices, financing and other offers subject to change without notice. See sales representative for details.