fbpx

      • Hurry! Take advantage of these fabulous deals before they're gone!


        Richmond American is offering buyers many great incentives on new construction homes. But you have to hurry, these deals expire at the end of the year! (The details are listed below). Feel free to contact the Ask Gina & Co. office with any questions. We are here to help you with all of your real estate needs…
        Contract written by December 31:

        $1,956 Per Month for the First 5 Years at 3.75% (3.4098% APR; variable rate after first 60 months) on a $430,000 home with a 5/1 Adjustable Rate Mortgage†

        The extended and expanded tax credit!††

        • Up to $8,000 for qualified first-time homebuyers††

        • Up to $6,500 for qualified current homeowners††

        Closing cost assistance††† and
        no loan origination fee†

        †Example based on a sales price of $430,000 and a 30-year 5/1 FHA adjustable rate mortgage with an initial interest rate of 3.75% (Payments 1–60), interest rate of 2.75% on first adjustment date (Payments 61–72), and interest rate of 2.625% on second adjustment date (Payments 73–360) (3.4098% APR); APR subject to increase or decrease after closing; interest rates after the initial period are based on rates in effect as of December 1, 2009 and are subject to change; 3.5% down payment required. Total loan amount, including the upfront mortgage insurance premium, is $422,211. Monthly principal and interest payments of $1,955.32 (Payments 1–60), $1,754.44 (Payments 61–72), and $1,707.85 (Payments 73–360), based upon interest rates set forth above and subject to change based on actual rates in effect at time of adjustments. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the payments shown and actual payment will be higher. After the first five years, the principal and interest payments adjust annually based on the 1 Year Treasury Index plus a 2.25% margin, with a 1% initial cap, a 1% annual cap, and a 5% lifetime cap. Promotion valid for new buyers on new contracts on select quick move–in homes signed between November 6, 2009, and December 31, 2009, and which close on or before January 29, 2010, when financing is provided by HomeAmerican Mortgage Corporation (NMLS Unique Identifier #103676). Example financing assumes buyer qualifies for closing cost assistance from Richmond American and buyer pays all customary closing costs which exceed 3% of the base price of the home and all pre–paids. Promotion is available to owner occupants only and is subject to availability, legal and loan limits, FHA maximum loan limits, qualification using full documentation and a minimum FICO score of 620. Interest rate is not guaranteed and subject to change without notice. Rate may not be available at time of commitment or lock–in. Funds at this interest rate are limited and available on a first–come, first–serve basis. Example financing provided by HomeAmerican Mortgage Corporation. Licensed by the Virginia State Corporation Commission, MC–358.

        ††This information is for general informative purposes only and does not constitute legal, tax, accounting, financial or other professional advice. Tax credit is subject to qualifications and limitations, homebuyers should contact a tax professional to discuss their particular circumstances and the applicability of the tax credit prior to making any purchase decision.

        †††Up to 3% closing cost assistance is valid for new buyers on new contracts for select homes signed between November 6, 2009, and December 31, 2009, when financing is provided by HomeAmerican Mortgage Corporation. Amount is based on the base price of the home and cannot exceed the buyer’s actual closing costs. Home sale must close by January 29, 2010. Actual amount will vary by community, plan, elevation, location and/or special financing applied and is subject to legal and loan limits. See Sales Associate for details. Only one closing cost assistance promotion per new contract.

        Promotions must be mentioned at time of contract and are not valid on lot or community transfers, plan changes or in conjunction with any other promotions. Richmond American reserves the right to change or withdraw these promotions at any time without notice. Actual homes may vary from rendering. ©2009 Richmond American Homes, Richmond American Homes of Virginia, Inc., and Richmond American Homes of West Virginia, Inc. WV032024. REALTOR® and REALTORS® are service marks owned by the National Association of Realtors®.