Community Details
Employee Pricing is Here. Discover Your Savings!
December/January Move-ins Available
Atlantic Builders is excited to announce our involvement in the innovative new Southwood community being developed by Habitat for Humanity of Greater Charlottesville.
Located in the heart of Charlottesville, just minutes from downtown, I-64, UVA, and the 5th Street Shopping Center, Southwood is a national model for neighborhood–driven redevelopment. Habitat has been working with the residents of the current Southwood Mobile Home Park to design a community that will facilitate a holistic transformation of the neighborhood and improve the quality of life for all of its residents.
Southwood will offer a range of housing types attainable to a broad economic spectrum and will feature an array of amenities including parks, community centers, and commercial resources within an architecturally diverse and sustainable neighborhood.
The following Schools serve Southwood:
- Mountain View Elementary School
- Burley Middle School
- Monticello High School
Our popular Ashton townhomes in Southwood Village is Now Selling. Join the A-List today to make your appointment.
*Financing example based on a 700 credit score and an FHA 5/1 CMT Adjustable-Rate Mortgage (ARM) with 1/1/5 adjustment caps. The scenario is based on a purchase price of $419,900, with a $20,995 down payment and a total loan amount of $405,885. The initial interest rate is 5.450% with an APR of 6.698%. There are no discount points being charged for the interest rate shown. The estimated monthly real estate taxes of $346.42 are calculated using the City of Charlottesville real estate tax rate of 0.99%, applied to the $419,900 purchase price. Actual property taxes may vary based on the property’s assessed value, applicable exemptions, and future changes to the applicable real estate tax rate. Homeowners insurance is estimated at $1,500 per year ($125 per month). The actual premium will be determined by the insurance provider and may differ from this estimate. The FHA 5/1 CMT ARM 1/1/5 provides a fixed interest rate for the first five years of the loan. After the initial five-year period, the interest rate may adjust once annually based on the applicable CMT index plus the loan’s margin. The 1/1/5 caps mean the interest rate may increase or decrease by no more than 1% at the first adjustment, 1% at each subsequent annual adjustment, with a maximum lifetime increase of 5% above the initial interest rate, subject to the terms of the final loan documents. The estimated monthly housing payment is $2,994.53, consisting of $2,291.85 principal and interest, $125.00 homeowners insurance, $346.42 real estate taxes, and $231.26 mortgage insurance. All figures shown are estimates for illustration purposes and are subject to change based on final credit qualification, loan approval, property information, insurance premiums, tax assessments, and market conditions. The interest rate is not guaranteed until it has been locked. Financing provided by Guaranteed Rate, Inc. | NMLS #2611.
