Accokeek, MD
The Federal Tax Credit has been extended for a limited time. Both 1st time buyers and current home owners may benefit. Ask for details.
PIck your incentive- up to 5% in closing cost help OR a 3 level morning room extension for $12,000 + $13,000 towards closing cost help.
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The dynamic Edelen Village invites you to live where a convenient location, luxurious new homes and incredible amenities converge – at an exceptional price! Wide, tree-lined boulevards and abundant green space give way to elegant townhomes and a resort-like atmosphere. Easy access to Indian Head Highway, the Woodrow Wilson Bridge and National Harbor only adds to the incredible allure.
• Located in Accokeek, MD
• 3 bedrooms and 2 ½ bathrooms
• Up to 2,900 square feet
• 2-car garage
• Luxurious townhomes with 3 levels, 2nd floor laundry, owner’s bath available with 2 shower heads, and 9-foot ceilings on 2 floors
• Custom options include: fireplace, bay window, study and soaking tub
• Community amenities planned: multi-purpose playing fields, Recreation Center with full service kitchen, meeting & social rooms, fitness center, locker rooms, swimming pool, and 2 additional play grounds
• Community amenities currently available: playground, gathering/picnic areas, & tennis courts
• Minutes from Route 210 (Indian Head Highway) and the Woodrow Wilson Bridge
• 8 miles from the National Harbor, slated to offer world-class shopping, dining, entertainment and more.
We now offer the USDA loan program for FHA financing with Zero Down! Prequalifying criteria required. See sales representative for details.
NEW PHASE JUST RELEASED! July Deliveries!
Directions:
- From I-495 take exit 3A Route 210 South (Indian head Hwy)
- Go approximately 10 miles and turn left onto Farmington Road.
- Turn left at stop sign onto Livingston Road
- Turn right on Medinah Ridge Road at community entrance.
- Proceed 1/2 mile to information center on right.
‡ 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 Upper $270's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.462%, and 3.5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance, up front mortgage insurance premium 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 0.25 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 96.5%. 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 3/16/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year FHA
Sales Price: $278,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.14%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,765
Loan amount: $273,937
Up front mortgage insurance amount: $4,711
$345 (Principal)
+ $1,084 (Interest)
+ $265 (Property Tax Estimate)
+ $33 (Hazard Insurance Estimate)
+ $126 (PMI Estimate)
+ $00 (Condo Fees)
- $301 (1st Year Tax Savings Estimate)
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$1,551 : 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.