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First-Time Homebuyers Program

Development:	COTTAGE FARMS 4717 Barnum Lane Alexandria, VA 22312
Sales Price:	$220,940 Note: If the "Purchase Limit" amount on your certificate does not currently meet the required amount for this listing, please contact the Homeownership Resource Center at 703-246-5087 for guidance regarding having the amount increased.
Bedrooms:	4
Bathrooms:	2.5
Square Footage:	2,430
Estimated Down Payment and Closing Costs:	$15,465 *may vary according to lender and type of loan; estimate is based on 3% down payment and 4% closing costs with a 30-year fixed rate loan. (Note: the Developer will pay up to 3% of your closing costs). This estimate includes a $1,000 Good Faith Deposit which will be required at the time the contract is signed. The income/debt ratios (Total Housing Cost & Total Debt) required by the First-Time Homebuyers Program are 35/41. The lender pre-approval letter provided with your application for this property must meet the ratio requirements.
Homeowners Assoc./Condo Fees:	$100 per month
Good Faith Deposit	$1,000.00
Features:	Beautiful New Construction 2-Car Garage Vinyl Siding Central Air & Gas Furnace Controlled by Digital Thermosat Black Kitchen Appliances Washer/Dryer Hook-ups Sliding Door off Kitchen Welled Entrance to Large Unfinished Basement Conveniently located next to Rt 395, 236 and 95 Close to Shopping, Restaurants,
Schools:	Elementary: Parklawn Middle: Holmes High: Annandale
Directions:	Take I-395 to Exit Rt. 236 towards Annandale, Turn right on Beauregard St., make a left on Barnum Ln. to #4717.
APPLICATION INFORMATION:

 

Drawing Eligibility Household Sizes: 4-8 people Purchase Limit : $220,940 Deadline: March 7, 2013 **The results of this drawing will be posted approximately 5 business days after this listing closes. **

Drawing Application Certificate #: Important: Enter ALL EIGHT digits of certificate number. Email: Phone:

If you meet the Drawing Eligibility requirements for this drawing and are interested in purchasing this home, please complete the Drawing Application form and click SUBMIT. Those selected by the drawing to purchase will be required to verify household income and eligibility before viewing the unit(s) and signing a sales contract. PLEASE CLICK THIS LINK FOR IMPORTANT INFORMATION REGARDING APPLYING FOR THE DRAWING