12/6/2009 7:49:32 AM

Willowwood

Smyrna, DE

School District: Smyrna School District

Contact: (302) 653-8537

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!** Morning Room Included!!* (excluding Pisa) ‡


Introducing a community of single-family homes with first-floor living at the best price in Smyrna. Enjoy well-designed floorplans within a neighborhood that boasts a long list of resort-like amenities. Spend your days lounging by the sparkling pool, enjoying a movie in the clubhouse media room, or working out in the fitness center. You can even organize a meeting or party at the community’s social hall. Middletown and Dover provide plenty of shopping, dining, entertainment and medical options, while proximity to major routes ensures easy travel to Wilmington, Philadelphia and the Eastern Shore. All this while taking advantage of Delaware’s low property tax and no sales tax!

These are just some of the included features:

• Up to 5 bedrooms and up to 4 bathrooms
• Up to 3,017 square feet
• 1st floor owner’s suite
• 2-car garage
• 9-foot ceilings on 1st floor

*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 12/31/09. 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:

From I-95
-Take Rt. 1 South to Exit 114
-Make a Left at light onto Rt. 13 South
-Make Right at light onto Brenford Road
-Continue one mile to second community entrance on left
-Model is 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 $190's



Product: 30 Year Conventional
Sales Price: $199,990
Interest Rate: 4.875%
Downpayment: 5%
Property Tax Rate: 0.5%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.21%
PMI: 0.79%
Up Front MI: 0%
Downpayment Estimate: $10,000
Loan amount: $189,991
Up front mortgage insurance amount: $00

  $234  (Principal)
+ $772  (Interest)
+ $83  (Property Tax Estimate)
+ $35  (Hazard Insurance Estimate)
+ $125  (PMI Estimate)
+ $00  (Condo Fees)
- $215  (1st Year Tax Savings Estimate)
-------------------
$1,034 : Estimated Monthly Payment