3/12/2010 3:28:42 PM
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Villages Of Urbana Townhome Condominiums

Frederick, MD

Villages Of Urbana Townhome Condominiums Community

School District: Frederick County Public Schools

Contact: (301) 874-0734

Location: (Directions | Map It)

Hours: Monday 12-6 Tuesday - Friday 10-6 Saturday & Sunday 11-6


Discover the unique, truly inspired lifestyle afforded by Villages of Urbana, where urban convenience meets traditional hometown charm. This masterfully planned community features a dizzying array of amenities, including a pool, tennis courts, walking trails, schools, a town center with shopping and dining and more. Though this idyllic atmosphere makes it hard to leave, should you ever need to, I-270, I-70 and downtown Frederick are just minutes away.

• Located in Frederick, MD
• 3 bedrooms, 2 ½ bathrooms, & a 1-car garage
• Up to 2,500 square feet
• Scenic views
• Majestic townhome condominiums that feature a private balcony and a well-appointed kitchen of G.E.® appliances and 42-inch cabinets
• Masterfully planned community evoking traditional hometown charm of yesteryear while offering all of today’s most modern conveniences
• Minutes from the Montgomery County line
• Minutes from countless amenities of downtown Frederick
• Easy access to I-70, I-270 and Route 80

Directions:

- Follow I-270 North to Exit 26 (Route 80/Urbana).
- Turn left onto Fingerboard Road (Rt 80
- Cross over Rt 355 and proceed appx 1 mile.
- Turn left onto Carriage Hill Drive.
- Turn left onto Hyde Place
- Models are immediately on right.

Address: 9542 Hyde Place, Frederick, MD 21704

Models Available

Starting from the Upper $240'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 or condominium 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 3/12/2010 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: $247,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,680
Loan amount: $243,498
Up front mortgage insurance amount: $4,188

  $306  (Principal)
+ $964  (Interest)
+ $248  (Property Tax Estimate)
+ $29  (Hazard Insurance Estimate)
+ $112  (PMI Estimate)
+ $00  (Condo Fees)
- $268  (1st Year Tax Savings Estimate)
-------------------
$1,391 : 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.