Dover, DE
$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners* and Special Ryan Savings for EVERY Buyer!** ‡
New Housetypes Announced at Hazel Farm! Contact Us Today For Details.
Fun-filled amenities aren’t the only thing you’ll find in Hazel Farm, a refreshing new community from Ryan Homes. You’ll also find Dover’s best value. Neighborhood amenities, including a clubhouse, pool, tennis court, basketball court, a tot lot and 45 acres of plush open space, add to Hazel Farm's inspiring lifestyle. Nearby Routes 13, and 1 make commuting to both work and play a breeze.
• Premiere Dover, DE location
• Community pool, clubhouse, tot lot, tennis and basketball courts
• Oak kitchen cabinets
• G.E. appliances
• Landscaping package
• Between 3-5 bedrooms
• 2 ½ - 3 ½ bathrooms
• A 2-car garage
• 1,972 – 3,882 square feet of dynamic living space
*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 11/30/09. 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:
Take Route 1 South to Exit 104. Make a right onto Rt. 13 North. Follow approximately 2 miles to a right onto Rt. 42 East/Fast Landing Road. (at Royal Farms) Community is 1 mile ahead on the left
‡ 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 $210's
**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: $219,990
Interest Rate: 4.5%
Downpayment: 3.5%
Property Tax Rate: 0.5%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.21%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $7,700
Loan amount: $216,005
Up front mortgage insurance amount: $3,715
$284 (Principal)
+ $810 (Interest)
+ $92 (Property Tax Estimate)
+ $38 (Hazard Insurance Estimate)
+ $99 (PMI Estimate)
+ $00 (Condo Fees)
- $225 (1st Year Tax Savings Estimate)
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$1,098 : Estimated Monthly Payment