Affordable Homes for the New Year

It is the start of a new year and a great time to make resolutions about your future. One resolution you should strongly consider is investing in your dream home. Interest rates are at historic lows and so are home prices. With that in mind, Azalea Homes offers affordable and beautifully designed homes to start your new year off right and help you invest in your future.

Waterford Commons in South Fulton offers homes convenient to the new shops and restaurants in Camp Creek Marketplace, key transportation corridors and Hartsfield-Jackson Atlanta International Airport. One of the community’s floor plans is available to close by the end of January. The Newport, is priced from $195,866 with five bedrooms and three baths. Homebuyers will love its two-story foyer with arched entry into the formal living room. The home has an ample amount of space with an open kitchen, separate breakfast area, formal dining room, family room with cozy fireplace and a first floor guest suite with full bath. The second level boasts a large master bedroom, laundry room and three spacious secondary bedrooms.

Using an FHA mortgage with 3.5 percent down and today’s current interest rate of four percent, the Newport would cost approximately $1,372 a month including taxes and insurance!*  This low monthly payment makes buying a great opportunity. Plus, you will be able to enjoy the array of amenities that Waterford Commons offers its residents including a clubhouse, junior Olympic pool, playground, tennis courts and 100 acres of greenspace.

According to a USA Today article, “The economy is slowly turning around, as prices have come into balance with buyers’ incomes.” Since interest rates are likely to increase as the housing market strengthens, homebuyers that have been waiting to buy should consider making their moves now.

“For a qualified buyer with an acceptable credit score and debt to income ratio, the financial impact of a one percent increase in the interest rate could affect the monthly payment by as much at $100 per month on a $200,000 home,” stated Gary Kurnat, a senior mortgage consultant at Element Funding.*

So resolve to invest in your future today, and come tour our model home open Monday through Wednesday and Saturday from 11 a.m. to 6 p.m. and Sunday from 1 p.m. to 6 p.m.  Sam Carroll, our onsite agent, would be delighted to introduce you to our approved lenders and help you obtain a free qualification to determine if home buying is within your reach in 2012. For more information on these Atlanta new homes, visit www.azaleahomesga.com or call Sam at 770-407-7107.

*Primary Residential Mortgage, Inc., DBA Element Funding, NMLS #3094. Georgia Residential Mortgage Licensee 6521. Gary Kurnat NMLS #208230. Element Funding and Gary Kurnat are independent entities. Sample payment includes taxes and insurance and is based on an FHA 30-year mortgage with an interest rate at 4%, APR at 4.972% based on a loan amount of $194,930 with 3.5% down payment as approved by HUD. Subject to credit approval. Some restrictions may apply. Other programs available. Program conditions subject to change without notice. Equal housing lender.