Azalea HomesLooking for a new home? With FHA changes, rising interest rates and escalating real estate prices, now is the time to buy! Azalea Homes offers amazing opportunities at its Waterford Commons and Kenyon Farms communities.

Waterford Commons, located in sought-after South Fulton, offers new homes minutes from the new shops and restaurants in Camp Creek Marketplace. One available home, home site 280, features the popular Monterey floor plan and is priced at $179,900 with four bedrooms and three full baths. The home includes a two-story entry foyer, family room with fireplace, kitchen with large island and a separate breakfast room with access to the patio. The main level also includes a powder room and mud room. Upstairs, the home has a Jack-and-Jill bedroom suite and a bedroom with private bath. The owner’s suite with spacious bath is complete with a his and hers walk-in closet.

Located in desirable West Cobb, Kenyon Farms is an intimate community near historic Kennesaw Mountain in the popular Kennesaw Mountain High School district. Available homes include the Sonoma on home site 11 and the Oakdale on home site 3 which are recent starts scheduled for Spring 2013 delivery. The Sonoma, priced at $315,495 on a basement foundation, has five bedrooms and three full baths. With a stunning two-story living room, formal dining room with barrel arched entry, and kitchen with island and large breakfast area, this home truly impresses. A guest suite with full bath is located on the main level. An open loft area, the owner’s suite and three additional bedrooms are located on the second floor.

The Oakdale is a new plan for Azalea Homes and is sure to impress. Priced at $279,490, this beautiful home features five bedrooms and three baths on a slab foundation. The popular first floor layout includes a bedroom on the main, formal living and dining spaces and a large family room which is open to the kitchen and breakfast room spaces.

Also at Kenyon Farms, the Catalina is priced at $319,900 on a basement foundation. This move-in-ready home offers five bedrooms and four full baths and features a two-story foyer, spacious kitchen, breakfast room, keeping room and covered porch. The main level also includes a full bath and guest room. Upstairs, an incredible owner’s suite boasts his and hers walk-in closets and a huge sitting area.

Besides these fantastic homes, there’s more good news! If you qualify for a FHA loan, according to a story in the Inman News, the minimum down payments will still be 3.5 percent. The FHA will continue its one-price-for-all, and underwriting will continue to be generous on key items like debt-to-income rations. However, six percent seller contributions towards closing costs will likely only be available to purchasers for a minimum time. According to the article, regulators are considering a proposal to reduce the maximum seller contributions in the first quarter of 2013 to as low as three percent of the total loan amount. So, take advantage of these opportunities now!

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