Elder

Starting From

$414,990+

Est. Payment

$2,439 /mo

Own a home at Cattail Creek
Temporary Interest Rate Buydown Subsidy Available.
Year 1: Payment of $2,439, based on a 4.125% Interest Rate, 6.453% APR
Year 2: Payment of $2,683, based on a 5.125% Interest Rate
Year 3-30: Payment of $2,940, based on a 6.125% Interest Rate

Principal & Interest

$1,975

Property Tax

$239

Hazard Insurance

$42

Mortgage Insurance

$184

Total estimated monthly payment

$2,439

Financing example based on a FHA 30 year fixed loan product with a 2-1 buydown. Based on a sales price of $414,990, a loan amount of $407,465 and a 3.5% down payment. Principal and interest payment of $1,975/month with a rate of 4.125% for year one, $2,219/month with a rate of 5.125% for year two, $2,476/month with a rate of 6.125% for year three and an APR of 6.453%. Rates come at a cost of 0.25% of the loan amount. Real estate taxes are estimated at $239 per month, mortgage insurance is estimated at $184 per month and hazard insurance is estimated at $42 per month for a total monthly payment of $2,439 for year one, $2,683 for year two and $2,940 for years 3-30. Interest rate is based on a 30 day rate lock. Rates and APR on loan programs may vary based on credit criteria, final amount of down payment and are subject to current market pricing. Maximum product permissible Interested Party Contribution Limits and QM points/fee limits apply. Certain restrictions may apply. Prices, offers and financing are subject to change without notice. Financing is available through NVR Mortgage Finance, Inc. NMLS ID# 1127.

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Located in Cattail Creek

4+ Bedroom

2,176 Sq.Ft.

2 Full Bath

1 Half Bath

2+ Car Garage

Floor Plan

Interactive Floor Plan

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About the Home

Welcome to the Elder home at Cattail Creek – a charming tree-lined new community located less than 1 mile from Route 1, and 10 minutes from both Dover and Milford. The Elder has it all. Step inside this 2-car garage single-family home, where a sprawling great room adjoins a gourmet kitchen with a large island that overlooks the dining area. A versatile flex room is ideal for a home office, hobby area or play space. Upstairs, two bedrooms each feature a walk-in closet and share a hall bath with a third bedroom. Inside your owner’s suite, you’ll find a luxurious dual-vanity bath and two walk-in closets. Entertain family and guests in the 2nd floor loft. For the first 10 buyers, we are including a basement for even more space! Complete the unfinished basement for more living space to enjoy all that The Elder has to offer.

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