South Riding, VA
Free Finished Rec Room or $8,000 in Closing Costs! ‡
PHASE 2...COMING SOON!!
South Riding's Lowest Priced Single Family Homes! At South Riding, you'll find a truly special way of life — one that celebrates small-town living with all the conveniences of a planned community and now the Home Builder you have been waiting for. Offering homes backing to green space as well as a recreation area in the community. Convenient to Route 50, 28 and I-66, and the Dulles Access Road. Amenities include a 7,000 sq ft Community Center with 8-lane swimming pool. Additionally, there are three other pools to choose from, three tennis courts, miles of walking and fitness trails, an 18- hole championship golf course, 13 Parks, tot lots, schools, and more! Shopping and dining is easy with an in community Town Center and Market Square.
* Located in South Riding
* 2 car garage
* 3 finished levels
* Up to 5 bedrooms
* Up to 3 1/2 baths
* Special included features: Hardwood foyer, Ceramic in Owner’s bath, Luxury bath, 9’ ceilings on 1st floor
* Custom Options include: Finished basement, Morning Room, Fireplace
Directions:
From Rt 50 West:
-Turn Left on Loudoun County Parkway
-Proceed 1.8 miles, to a Left on Edgewater Street
-Turn Right on Daniel Shane Drive,
-Straight for 1/8 mile
-Model on the right.
From Braddock Road West:
-Turn Right on Loudoun County Parkway
-Make 1st right on Edgewater Street
-Turn Right on Daniel Shane Drive,
-Straight for 1/8 mile
-Model on the 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 $390's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, 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. 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. 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: $399,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.245%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.11%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $14,000
Loan amount: $392,745
Up front mortgage insurance amount: $6,755
$494 (Principal)
+ $1,555 (Interest)
+ $415 (Property Tax Estimate)
+ $37 (Hazard Insurance Estimate)
+ $180 (PMI Estimate)
+ $00 (Condo Fees)
- $432 (1st Year Tax Savings Estimate)
-------------------
$2,248 : 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.