Elkridge, MD
$8,000 RYAN HOMES STIMULUS PACKAGE FOR EVERY BUYER PLUS a Finished Basement Included! ‡
With historically low interest rates, and incredible values, there’s never been a better time to stop renting and start enjoying the benefits of home ownership, including affordable monthly payments and tax savings. And you can do just that in Village Towns, Howard County’s most affordable townhomes centrally located near Routes 100, 175, and I-95, which provide time-saving access to Baltimore and Washington. Enjoy a prime location off of Route 1, near Arundel Mills Mall, dining, entertainment and more.
• Convenient Howard County location near commuter routes
• Models available with or without a garage
• 3 finished levels
• Up to 3 bedrooms
• Up to 3.5 bathrooms
• Oak railings
• Timberlake Cabinetry
• Economical gas heat
Model Address: 7108 Maiden Point Place Elkridge, MD 21075
Directions:
-From I-95, take Exit 43, Rt 100 East.
-Take Exit 6A, Rt 1 South.
-Follow for 2 miles to a right on Port Capital Dr.
-At the end, make a left to stay on Port Capital Dr.
-Follow to a right on Holly Springs Ln.
-Proceed to the Model on left.
‡ 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 $270's
Decorated Model
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, 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 or condominium association dues. The borrower is paying 0 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 3/19/2010 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: $272,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.34%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,555
Loan amount: $268,045
Up front mortgage insurance amount: $4,610
$337 (Principal)
+ $1,061 (Interest)
+ $305 (Property Tax Estimate)
+ $32 (Hazard Insurance Estimate)
+ $123 (PMI Estimate)
+ $00 (Condo Fees)
- $295 (1st Year Tax Savings Estimate)
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$1,563 : 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.