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What many home shoppers don't fully understand is that two homes priced exactly the same, most likely do not, in actuality, cost the same. Since most of us finance our home, the terms of our financing makes a significant difference in what your home ends up costing. You may think you're getting a bargain because one home is less expensive than another, but if you're paying more in finance costs that less expensive home will end up costing you thousands and thousands of dollars more! Osborne Development considers providing our homebuyers with the very best financing available, one of our most sacred trusts. When you look at the true cost of a new home you will not find a home that is a better value than a home built by Osborne Development.
Home financing is complicated and it is extremely easy for home buyers to be misled. We consider it our duty to ensure each of our home buyers receives the very best financing available today. If you use one of the Osborne Development approved lenders for the purchase of your new home, you are guaranteed that you will not only be receiving the best rate and terms available today but that you will be offered financing assistance exclusive to Osborne Development!
ONE-HUNDRED PER CENT FINANCING AND DOWN PAYMENT ASSISTANCE.
One-hundred percent financing has all but disappeared from the lending world and the few lenders that are still offering it charge more in terms of up-front fees and interest rate. However, in a special agreement with lenders that we have an exclusive relationship with, we can still offer qualified buyers one-hundred percent financing, at a below-market rate with no monthly mortgage insurance! Buyers with a good credit history can save an average of $150 to $200 per month by taking advantage of our special one-hundred percent financing programs. That's a savings of up to $12,000 over the first five years of homeownership!
We are aware that many homebuyers do have credit challenges but still need one-hundred percent financing. Buyers who fall into this category will typically find down payment assistance programs the best way to go. Down payment assistance programs are available as loans and forgivable grants; but all carry special qualification guidelines. Osborne Development has extensively researched every federal, state and local down payment assistance program and has five different down payment assistance programs available. Not every buyer qualifies for every program but most buyers qualify for one, two or even three of these special programs! Imagine, how much more affordable your new home just became if you are eligible to receive one or more of these special programs to pay for your down payment and closing costs! Osborne Development sales consultants are experts on down payment assistance and we welcome the opportunity to sit down with you and help you find the very best way to purchase your new home.
MONTHLY MORTGAGE ASSISTANCE
Whether you've been renting or are moving up to a larger home more than likely your monthly housing expense will be increasing. Quite naturally, that increase may be causing you some apprehension. However, if you're like most new buyers once you file your first tax return as a homeowner and see the huge difference that homeownership makes in your net income you'll immediately realize that the income tax advantages of homeownership are so substantial that you have a lot more money left over after your monthly housing expense than you imagined you would on the day you purchased your new home! Our sales associates can estimate your tax savings and your CPA can show you your tax savings but there is nothing like receiving that first refund to understand how significant that savings actually is! With Osborne Development's exclusive monthly mortgage assistance program you can enjoy payments that are actually lower than rent until you really begin to see the benefits of that savings!
IS IT TRUE I CAN BUY A NEW HOME WITH PAYMENTS AS LOW AS $1,103 PER MONTH?
Yes! If you take advantage of one of our below market fixed rate loans and our monthly mortgage assistance you can start out with a monthly payment as low as $1,103* per month on a brand new home by Osborne Development! Most homebuyers are so astounded when they first realize how low the monthly payments we offer are; that they think they're must be "catch". But, there's not. It's an easy program that is easy to understand! We're offering fixed rate loans (which means that the monthly housing payment will never change over the life of the loan) and every month for the first two to four years you'll receive a check in the mail, made out to your lender, for as much as $1,000 a month! You drop that check into the payment envelope with a check for the balance of your monthly payment and mail it off to your lender. The $24,000 you save over the first two to four years can be used to pay off your cars, pay off your credit cards or you can put it towards your savings! However you choose to spend the money it's yours to keep and it's there to make the transition to homeownership easy and painless.
You may wonder why in this highly competitive housing market that all builders don't offer the programs we do. The answer is simple. It takes a lot of time, energy and negotiation with local municipalities and banks to bring you the programs that we do. Most significantly, processing a home loan with all our special programs is twice the work with absolutely no profit in it for either the lender or the builder. Many builders own or have a participation agreement with the mortgage company they use and they're looking for profit from your home loan. At Osborne Development we have no financial agreement with any lender we work with and our only interest is to make sure that you, our homebuyer, is offered the very best possible new home financing available. If you're looking for a new home, you owe it to yourself to understand how much money you can save every month by taking advantage of the special programs offered by Osborne Development Corporation.
*Example Based on a sales price of $289,990 at Durango. Other community's payments may differ due to taxes and HOA fees. Loan amount of $289,990, rate 5.87% fixed for thirty years, P & I $1,715, Taxes $263, Insurance $46, HOA $79 for a total monthly payment of $2,103 fixed for thirty years. Monthly mortgage assistance of $1,000 per month available for two years, making monthly mortgage payment $1,103 for the first two years. Total closing costs paid by seller. Total cash required to move-in $500. APR after builder incentive 5.875%. Interest rates subject to change, not all buyers will qualify for this loan.
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