North East, MD
1/2 Priced Finished Basement Rec Room Included! ‡
As you pass Ridgely Forest’s stately entry monuments and professional landscaping, you’ll quickly understand the unique integrity of this community. Retreat to lovely townhomes in a cohesive neighborhood with lush trees, walking paths and amenities that include a pool, fitness center, parks and more. Though tucked away in mature forest, the neighborhood enjoys proximity to commuter routes, everyday conveniences and outdoor recreation.
• Located in North East, MD
• Tranquil community tucked away in mature forest
• Resort-like amenities include a clubhouse with pool, fitness center, reception room, walking paths, tot lots and pocket parks
• Near Elk Neck State Park, Shelter Cove Yacht Basin and the Chesapeake Club Golf Course
• Proximity to everyday conveniences, shopping, boating, recreation, I-95 and Routes 272 and 40
Directions:
-Take I-95 to Exit 100 (Rt 272 S).
-Continue on Rt 272 S for 1.4 mi to a left onto Rt 40E for approx 1 mi.
-Proceed to a right onto Mechanics Valley Rd. Proceed for 1 mi to a left onto Rt 7.
-Follow for approx 3/4 mi to the community entrance on the left.
-Follow to a left onto Magnolia Dr.
-Turn right onto Goldspire Dr and follow to a right onto Magnolia Dr.
-Proceed to the model home 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 $180's
Decorated Model
**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 3/10/2010 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: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.01%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $6,650
Loan amount: $186,549
Up front mortgage insurance amount: $3,208
$235 (Principal)
+ $738 (Interest)
+ $160 (Property Tax Estimate)
+ $22 (Hazard Insurance Estimate)
+ $86 (PMI Estimate)
+ $00 (Condo Fees)
- $205 (1st Year Tax Savings Estimate)
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$1,035 : 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.