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Own a New Home for $731/Month

Posted by Rebecca Fri, 17 Jul 2009 14:57:00 GMT

Check out our newest community, The Cove at Newport. Pricing is fantastic, and these 3 bedroom, 2.5 bath town homes come equipped with a full appliance package, including refrigerator, microwave over range and washer and dryer! With a USDA loan, you’ll be able to purchase these with no downpayment and no PMI. Plus, we’ll pay $5,000 toward your closing costs.

Click here for photos, pricing and video tours.

The four spacious floor plans are priced from $96,900 to $109,900 and range in square footage from 1450 all the way up to 1750 square feet. To own the $96,900 model, you’re looking at a monthly payment of only $731/month, including taxes and insurance (see the truth-in-lending disclaimer below for details*), and to own the largest model with 1750 square feet, you’ll pay only around $815 monthly. This includes the $50/month maintenance fee which covers your landscaping and exterior maintenance. You’ll have a hard time beating that. You’ll have a hard time renting  in the Savannah area for that price! Hurry, and you can still qualify for the $8,000 tax credit! Click here for floor plans and pricing.

Don’t forget about our $500 Refer a Friend Program: Know someone who’s paying more than $700/month for rent and might like to buy? Click here to sign up for your $500 VISA gift card!

*Example is based on monthly payments on a 30-year fixed rate loan program. Monthly P,I,T&I  based on sales price of $96,900 & $109,900. The interest rate is based on a 4.875%/5.172% APR as of 08/17/09. Rate and APR will vary based on factors such as points, loan amount, loan-to-value, borrower’s credit, property type and occupancy. Rates and APRs assume that an escrow account is set up for payment of property taxes, hazard insurance, and mortgage insurance if applicable. All rates and terms subject to change without notice.

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