Community Details
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Atlantic Builders announces the availability of two desirable Stafford County homesites of 1-2 acres each just off Hope Road approximately 1.25 miles from Route 1 and only 1.9 miles from Aquia Creek with 3 marinas: Willow Landing Marina, Hope Springs Marina and Aquia Bay Marina. It’s also an excellent location for commuting as I -95 is less than 2 miles away and it’s only a 5 minute drive to the Brooke Virginia Railway Express Station.
Our popular and award winning , Finley model home is available to build on each of these homesites. The Finley with over 3,000 square feet is the perfect home design for a multitude of lifestyles and family sizes. It has 4 bedrooms and 2.5 baths standard and the ability to add up to 2 more bedrooms, 2 more full baths and a bevy of additional spaces in the lower level including a rec room, den and hobby room.
Top notch Stafford County Schools currently serve this location:
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*This loan scenario is 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 $689,900, with a $24,147 down payment and a total loan amount of $677,403. The initial interest rate is 6.250% with an APR of 7.105%. There are no discount points being charged for the interest rate shown. The estimated monthly real estate taxes of $556.23 are calculated using the Stafford County real estate tax rate of 0.9675%, applied to the $689,900 purchase price. This equates to approximately $6,674.78 per year. Actual property taxes may vary based on the property’s assessed value, applicable exemptions, and future changes to the county tax rate. Homeowners insurance is estimated at $1,200 per year ($100 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 $5,130.64, consisting of $4,170.89 principal and interest, $100.00 homeowners insurance, $556.23 real estate taxes, and $303.52 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. Mike Sanchez | NMLS #162749 Guaranteed Rate, Inc. | NMLS #2611
