2/9/2010 5:45:40 AM
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Spring Hollow

East Vineland, NJ

Spring Hollow Community

School District: Vineland Public School District

Contact: (856) 691-3140

Location: (Directions)

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

$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners* and Special Ryan Savings for EVERY Buyer!** ‡


QUICK DELIVERY HOME!
1782 Tomahawk Court
-Popular Yorkshire Model with 4 Bedrooms and Open Foyer
-2.5 Baths
-2 Car Garage
-Full Finished Basement
-Morning Room
-9' Ceilings throughout First Floor
-42" Oak Cabinetry in Kitchen with Recessed Lighting
-And Many More Amenities!
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PRICED TO SELL AT $259,990!*

An outstanding opportunity awaits at Spring Hollow, where remarkably affordable prices and a highly convenient location converge in a lovely single-family home community. Enjoy a prime location that’s just 30 minutes from the Shore, places children in the sought-after Vineland School District and includes low property taxes.

• Located in East Vineland, NJ
• Up to 5 bedrooms and up to 3 ½ bathrooms
• Up to 3,500 square feet
• Up to 2-car garage
• Stately single-family homes featuring traditional designs including spacious floorplans, elegant appointments and meticulous attention to detail
• Custom options include a morning room, finished basement, gourmet kitchen with island, gas fireplace and more
• Sought-after Vineland Public School District
• Low property taxes
• Prime location just 30 minutes to the Shore

*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. **Savings vary by community. Available on new sales contracts through 2/28/10. Prior sales and homes under construction excluded. Cannot be combined with any other offers. Must use NVR Mortgage, Inc. to receive incentive. Prices, offers and financing subject to change without notice. See a Sales and Marketing Representative for details.

Directions:

-Take 295 South to Rte 42 South to Rte 55 South to exit 26
-Make a left at the end of the ramp
-Make your first right onto County Road 655 (Lincoln Ave), follow for approximately 3.5 miles
-Make a left onto Spring Road
-Make your 2nd left onto Roosevelt
-Go 1.5 miles and at your 2nd left turn onto Kickapoo Trail.
-Model will be on your right.

GPS Address: 1206 Roosevelt Blvd Vineland, NJ 08361


‡ 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 $180'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: $189,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 2.25%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.2%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $6,650
Loan amount: $186,549
Up front mortgage insurance amount: $3,208

  $229  (Principal)
+ $758  (Interest)
+ $356  (Property Tax Estimate)
+ $32  (Hazard Insurance Estimate)
+ $86  (PMI Estimate)
+ $00  (Condo Fees)
- $211  (1st Year Tax Savings Estimate)
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$1,250 : Estimated Monthly Payment