grey fox ridge an energy star development why is grey fox ridge right for you?
TRANSCRIPT
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Grey Fox RidgeAn Energy Star Development
Why is Grey Fox RidgeRight for You?
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Grey Fox Ridge Smart Choices
The Right Amenities.The Right Incentives.The Right Availability.The Right Loan Choice.
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Grey Fox Ridge Amenities• Subdivision
– The Only Energy Star Development in Northern Arizona.– City maintained streets.– Deed Restrictions to insure your investment.
• All Standard Home Features meet the high efficiency Energy Star Ratings.– Energy Star
• 5 Star Certification.• 20-30% savings of monthly utility costs.
– Green Guidelines per Federal Standards.• Sewer System, Tile Roofs and more.
• Home Owner’s Association– Only $50 per month Including
• A park with common areas leading to Verde River Corridor access, • Watering and maintenance of common area landscapes and front yards from POA (non-
potable) well at no extra cost.
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Grey Fox Ridge Incentives
• Buyer’s Choice instead of ‘Where is, As is’.• Brand New Custom Development and Homes.• Whole Home Solar System at no extra cost.• Full Two-year Warranty.• Meets Competitive Appraisal.• View Shed Home Sites.• Close Proximity to town, schools, parks,
hospital and shopping.
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Grey Fox Ridge Availability
• 3 Homes Complete – Turn-key ready to buy.• 17 home and lot packages available to build.– From 1312sf to 3000sf.
• Customized floor plan and pick your own lot.• Residential lots from $59,900 to $105,000.• Staff ready to help you with all your home
buying options.
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Loans - Which is Right for You?
Whether you are:• A Professional • A First-time Homebuyer• Have Modest Income with no down-payment
or in need payment assistance.• Looking for a second or retirement home• Need a great conventional loan• Or wish to buy a lot to build on later
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The Right Loan is an important decision.
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We have a broad range of lending options designed with YOU
in mind.
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• BBVA Compass Bank– Professional Residential Loan– 1stTime Home Buyer Loan
• USDA – Direct Loan– Guaranteed Loan
• Arizona Home Buyer Solutions(TM) Gift Program• Arizona Housing Finance Authority MRB Plus• Conventional Loans • Lot Loans • Construction Loans
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BBVA Compass Bank Professional Primary Residence Loan• Available for Physicians, Attorneys, CPA’s &
Dentists.• Up to $1,000,000.00 loan.• Down- Payment as low as 5%.• Private Mortgage Insurance is NOT required.• Student Loans deferred for 12 months are
NOT counted in qualifying ratios.
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BBVA Compass Bank First Time Home Buyer Loan
• Haven’t owned a home in 3 years.• First Payment not due for 3 months.• Down payment as low as 5%.• NO Origination Fee.• NO Private Mortgage Insurance.• Cannot exceed $417,000.• Low closing costs.
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USDA Direct LoanLow-Low or Low Income Subsidized Interest Loans
• NO Down payment.• NO Mortgage Insurance.• Direct from Federal Government.• Subsidized Interest.
– Monthly payment reduced as low as 1% interest.• Closing Costs can be financed into the loan.• 33-38 year loans available.• Credit Score.
– Somewhat flexible around 650.• Income Limits .
– starting at $18,850 for 1 person.– and $43,050 for a 4 person family.
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USDA Guaranteed Loan• NO Down payment.• NO Monthly Mortgage Insurance.• 30 yr Fixed Rate Financing.• Up-Front Fee of 3.5% presently which can be
rolled into loan.• Income Limits – Yavapai County.– 1-4 persons up to $73,600– 5-8 persons up to $97,150
• No Loan Limit.• Must be Primary Residence.
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Arizona Home Buyer Solutions(TM)
Gift Program• Up to 2.5% Gift with no obligation to repay
after 5 months ownership.• Only with FHA 30 year fixed loan, no pre-
payment penalties.• Minimum FICO 620 all borrowers.• Seller can pay 6% of buyer’s closing costs• Co-signer’s OK.
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Arizona Housing Finance Authority MRB Plus
• Financing and Down-Payment Assistance.• First time homebuyers.• Assistance of 5% of Purchase Price may be
used for Down Payment or Closing Costs.• No Payback required after 5 years.
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Conventional Residential Loans• Down Payments can vary.– Primary Residence 20%.– Secondary Residence 30%.– Some programs as low as 5% down.
• NO Mortgage Insurance.• Closing Costs varies.• 680 Credit Score and up.• Credit Score drives interest rates.– 15 year loan – 3.5% and up.– 30 year loan – 4% and up.
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Residential Lot Loans
• For Primary or Secondary Residence.• Low Closing Costs.• Affordable Payments.• 25% of Purchase Price.• Example from National Bank of Arizona.– based on a $69,000. Purchase Price.
Down Payment
Loan Amount
Monthly Payment
5/1 Arm Loan Costs
25% =$17,250.
75% = $51,750.
$472.41 PI Rate fixed for the first 5 years then adjusts annually – up to 15 years
1% = $517.
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Course of Construction Loans
• With Approved Loan Status Report from permanent lender.
• Preferably 20% down but can be less.• Interest rate ranges from 6 ½ to 7 ½ % varies.• 1% Origination Fee.• Up to 1 year – can vary.• Can be rolled into permanent financing.
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Grey Fox Ridge by
• Bill Bullock, C&B Construction, Inc.– Master Builder with over 35 years experience.– Arizona Commercial and Residential Contractor.– Voted #1 in 2008.– General Contractor and Developer.– Contractors Residential License # 39973B– (928)239-0144
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Exclusive Representation
• Yavapai Realty LLC– Esther Talbert, Broker• (928)254-0525• [email protected]• www.yavapairealty.com
• Co- Representative– Mingus Mountain Real Estate• Janette Tomlinson, Agent
– (928)301-2161– [email protected]
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Presentation by Yavapai Realty LLCEsther Talbert, Designated BrokerTogether we can make a difference!