Laurel, MD
Only one home site available!Contact lehinger@nvrinc.com
*The Federal Tax Credit has been extended for a limited time. Both 1st time buyers and current home owners may benefit. Ask for details.*
A prime Laurel location only adds to the allure of Laurel Ridge, a distinctive cul-de-sac enclave of elegant single family homes. Just minutes from Route 1, you are sure to appreciate your community's close proximity to shopping, restaurants, recreation and commuter routes. Why look anywhere else when the home you love is located exactly where you would want it to be?
• Located in Laurel, MD
• Up to 5 bedrooms and up to 3 baths
• Now offering the Renaissance floorplans
• Elegant single-family homes located on cul-de-sac homesites
• Distinctive cul-de-sac enclave with rolling hills, acres of open space and a tranquil atmosphere
• Minutes from everyday conveniences and commuter routes
• Convienent for Baltimore & DC commuters
Directions:
- From I-95 to Route 198 East
- Turn right on Van Dusen Road
- Turn right on Contee Road
- Continue approximately 1/2 mile and turn left on Vanderbilt Way
- Sales office on immediate right
- Sales office on the right
Models Available
Starting from the Low $360's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.875%, an APR not to exceed 5.574%, 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 2/9/2010 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: $362,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 1.578%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $12,705
Loan amount: $356,415
Up front mortgage insurance amount: $6,130
$438 (Principal)
+ $1,448 (Interest)
+ $477 (Property Tax Estimate)
+ $42 (Hazard Insurance Estimate)
+ $163 (PMI Estimate)
+ $00 (Condo Fees)
- $403 (1st Year Tax Savings Estimate)
-------------------
$2,167 : Estimated Monthly Payment