Hagerstown, MD
Federal tax credit has been extended for a limited time . . . and this time first time AND current homeowners may be able to cash in! Plus, purchase now and receive your choice of EITHER a free finished rec rom OR $5,000 toward closing cost assistance!* See a sales rep for details. ‡
An unparalleled quality of life awaits at Claggett’s Mill – a charming community of elegant single-family homes rivaled only by the surrounding scenic views and highly convenient location. Situated off I-70 along a bend of Antietam Creek, you’ll discover picturesque, half-acre homesites that are within easy reach of outdoor recreation. Just 5 minutes away are Hagerstown’s Prime Outlets and everyday conveniences, while Frederick is just a 20 minute drive.
• Located in Hagerstown, MD
• Up to 5 bedrooms
• Up to 3-car, side-entry garage
• Ranch and 2-story homes available
• Meticulously crafted single-family homes with light-filled rooms, spacious designs and exceptional quality
• Charming community situated along a bend of Antietam Creek with a historic stone bridge
• Outdoor recreation available along Antietam Creek, from nature walks to kayaking and canoeing
• 5 minutes to grocery store, everyday conveniences and Prime Outlets
• 20 minutes to Frederick
• Easy access to I-70
Directions:
- Take Route 70 West to Exit 29
- Turn left off of ramp onto Route 65 South
- Proceed 1/2 mile to a left on Poffenberger Road
- Continue 1 mile to Claggett's Mill 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 Low $260's
Decorated Model
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.5%, an APR not to exceed 5.168%, 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 12/1/2009 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: $264,990
Interest Rate: 4.5%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,275
Loan amount: $260,190
Up front mortgage insurance amount: $4,475
$343 (Principal)
+ $976 (Interest)
+ $265 (Property Tax Estimate)
+ $31 (Hazard Insurance Estimate)
+ $119 (PMI Estimate)
+ $00 (Condo Fees)
- $271 (1st Year Tax Savings Estimate)
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$1,462 : Estimated Monthly Payment