Hermitage, TN
Take advantage of up to $6,000 in paid Closings Cost, but for a limited time only! As this savings will not be available all month. ‡
New single family homes at an amazing value and convenient to downtown Nashville, Tennessee and the Nashville International Airport. Plus we are located less than 1 mile to Percy Priest Lake and approximately 10 minutes to Providence shopping and entertainment.
Come see why Towering Oaks in Hermitage is one of Nashville’s best new home communities. Whether you’re a first-time homebuyer just starting out, or if you’re simply ready to start looking for a new home, Towering Oaks is one fantastic place to start. This new community offers single-family homes on wooded homesites, including many on quiet cul-de-sac streets, afford-ably priced. That would be a great value for any newly built home in greater Nashville, let alone for a neighborhood like this, that’s literally minutes from downtown Nashville and the airport. All in all, Towering Oaks simply towers above any other Nashville area single-family home communities in terms of value and location.
Community and Home Features:
• Approximately 10 minutes to Providence shopping and entertainment
• Located less than 1 mile to Percy Priest Lake
• Single-family homes with up to 5 bedrooms and up to 3 baths
• Ranch and 2-story designs available
• Hardwood foyer
• Oak cabinetry
• GE® appliances
• Concrete driveway included
• Options include bonus rooms, morning rooms, fireplaces, upgraded baths, kitchen islands and extended hardwood and ceramic tile flooring
Every Fox Ridge Home Includes:
• ENERGY STAR® Qualification that includes Energy Star® testing & certificate after closing
• Nortiz® Tankless Water Heater
• Low-E® Argon-gas Filled Windows
• Higher Energy Star® insulation values
• Energy Star® HVAC units
• Energy Star® certified appliances
• Programmable Thermostats
Features that prove our commitment:
• 1, 2 & 10 Year Exclusive Fox Ridge Homes Transferable Warranty
• Homeowner’s Association with Protective Covenants
• 10 Month Home Review after your closing
• One Year Drywall Inspection of Your Home
• Conveniently linked to Service Department through our website for easy access
*Community and Fox Ridge Features subject to change without notice
Directions:
From Nashville:
Take I-40 E
To Exit 221B (Old Hickory Blvd.) Turn right
Right on Old Hickory Blvd
Travel 0.6 mile and turn left onto Bell Rd.
Continue another 0.6 mile and turn Right onto South New Hope Rd.
Travel 1.1 mile and turn right onto Stewart’s Ferry Pike
Continue 0.2 mile and Towering Oaks will be on the Right
Model Home Address:
2001 Towering Oaks Dr
Hermitage, TN
‡ 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 $180's
Decorated Model
**Limited time only. Financing based on a 5/1 FHA ARM loan, with an interest rate of 2.5%, upfront mortgage insurance premium, an APR not to exceed 3.162%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated real estate taxes, insurance, up front mortgage insurance premium. Monthly payment does not include homeowner's association or condominium dues or assessments. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the borrower. Mortgage insurance is included in these examples because the LTV is 95% which requires mortgage insurance. Criteria for loan program qualification and interest rates on loan programs will 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. The financing used in this example is based on a conforming loan product and applies only to loan amounts that are $417,000 or less. Loan amounts over $417,000 are subject to additional costs/pricing. Must also meet FHA county guidelines. Certain restrictions may apply. Rates effective 2/3/2012 and subject to change without notice. The note rate may increase or decrease 1% per year after the 60th month and every 12 months thereafter. Over the life of the loan, the note rate may increase a maximum of 5%. On the annual adjustment intervals, the rate will adjust to the weekly average yield of the United States Treasury Securities adjusted to a constant maturity of one year (index) plus 2.250% (margin). 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. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 5/1 FHA ARM
Sales Price: $189,990
Interest Rate: 2.5%
Downpayment: 5%
Property Tax Rate: 0.89%
Tax Savings Rate: 28%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.22%
PMI: 1.1%
Up Front MI: 0%
Downpayment Estimate: $9,500
Loan amount: $181,476
Up front misc fees: $985
$339 (Principal)
+ $378 (Interest)
+ $141 (Property Tax Estimate)
+ $35 (Hazard Insurance Estimate)
+ $165 (PMI Estimate)
+ $00 (Condo Fees)
- $105 (1st Year Tax Savings Estimate)
-------------------
$1,058 : Estimated Monthly Payment
With tax savings:
- $105 (1st Year Tax Savings Estimate)
$953 : Estimated Monthly Payment