3/16/2010 4:50:53 PM

Watermark

Chesterfield, VA

Watermark Community

School District: Chesterfield County Schools

Contact: (804) 400-0176

Location: (Directions | Map It)

Hours: Monday 12pm-6pm; Tuesday-Friday 10am-6pm; Saturday 10am-5pm; Sunday 11am-6pm

Receive FREE Morning Room or $8,000 Towards Closing Costs or Options!
Great Investment Opportunity!
The Ravenna $294,990
March Closing
Great Monthly Leaseback Opportunity in Brand New Section of Homesites!
Call for details...



Watermark, an innovative, master-planned community in a superb soutwestern Chestefield County location welcomes you and your family with open arms. Imagine having the ability to step outside your door and be able to shop, play, dine, work, or just relax right in your very own neighborhood? Watermark will give you the ability to do just that with a future 200,000 square-foot town center, which will boast eclectic shops, great restaurants, grocery stores, every day conveniences and more. Future amenities include an aquatic center with indoor/outdoor pools, a clubhouse with tennis courts, walking, trails, recreation fields, parks, a community lake, and so much more for endless hours of play. The community’s location in the Chesterfield County School District, near Rts. 150, 64 and 288, I-301, I-95, the airport, downtown Richmond, grocery shopping, retail and more is ideal. Come and see why Watermark is one of Chesterfield County’s best new home communities. You can also visit the communty webpage at watermarkva.com.

• Located in Chesterfield County
• Innovative single-family homes on tranquil wooded homesites
• Up to 5 bedrooms
• Up to 4.5 bathrooms
• 2-car garage
• Up to 3,958 sq. ft.
• Light-filled kitchens, spacious owners’ suites with walk-in closets and lofts
• Finished or unfinished basements available
• Morning room available
• Upgraded landscaping package
• Easy access to Rts. 150, 288, & 895, I-301, I-95, I-64, The Richmond Airport, downtown Richmond
• Just 45 minutes from Williamsburg
• Chesterfield County School District
• Future town center offering retail shopping, restaurants and more
• Upcoming clubhouse with pools, tennis courts, parks, walking paths, community fields and lake

Directions:

-From Chippenham Pkwy. (Rt. 150)
-Take Ironbridge Rd. E. (Rt. 10 E.) exit toward Chesterfield.
-Continue 2.3 mi. to community on the right (Kingsland Glen Drive)
-Go straight through first roundabout
-Turn left at second roundabout onto Crosswinds Blvd.
-Take second left on Whisperwood Drive
-The model is the first home on right

-From Rt. 288, take the Ironbridge Rd. (Rt. 10) exit toward Richmond.
-Continue 2 mi. to community on the left(Kingsland Glen Drive)
-Go straight through first roundabout
-Turn left at second roundabout onto Crosswinds Blvd.
-Take second left on Whisperwood Drive
-The model is the first home on right

GPS Address: 7000 Whisperwood Drive, Chesterfield, VA 23234


‡ 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 $220'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. NVR Mortgage Finance, Inc. is licensed by the Virginia State Corporation Commission as mortgage lender and broker, MC-528

Product: 30 Year FHA
Sales Price: $222,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 0.95%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.11%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $7,805
Loan amount: $218,951
Up front mortgage insurance amount: $3,766

  $275  (Principal)
+ $867  (Interest)
+ $177  (Property Tax Estimate)
+ $20  (Hazard Insurance Estimate)
+ $100  (PMI Estimate)
+ $00  (Condo Fees)
- $241  (1st Year Tax Savings Estimate)
-------------------
$1,199 : 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.