News

Riverbrook Walk Condo Community in South Bound Brook Promotes Next Phase With a Chance at Patriots Tickets
2012-03-27 00:00:00.0

 

PRC Homes’ Popular New Condo Community, Priced from the $180’s, Ahead of Schedule as FHA Financing Opens Doors for More Homebuyers

 

 

March 27, 2012 – South Bound Brook, NJ – If you’ve ever dreamed of sitting in the front row on the 3rd baseline at a baseball game, you may just get that chance. To promote Riverbrook Walk, a condominium community in South Bound Brook, PRC Homes has announced that prospective homebuyers can stop by the community to register to win premium tickets to watch the local Somerset Patriots play at nearby TD Bank Field. Homebuyers interested in touring the community are encouraged to stop in now and register to win tickets to an upcoming game as well as other great prizes, before all the tickets are gone. No purchase necessary.

 

Riverbrook Walk is in its next phase of sales, ahead of the developer’s projected timeline in part because of the popularity of the community’s available Federal Housing Authority (FHA) financing, which makes the community even more appealing for its key buyer profiles: first-time homebuyers who currently could be paying as much or more in rent, and cost-conscious empty-nesters who are downsizing from an older single-family home. The new building at Riverbrook Walk will offer several new refined floorplans, and feature two professionally decorated model homes for prospective homebuyers to tour.

 

Under the provisions of the FHA-backed financing program at Riverbrook Walk, qualified homebuyers can purchase with a down payment as low as 3 ½% of the purchase price, and at interest rates that are typically 1/8th to 1/4th a percentage point lower than most market rates. FHA financing also has more relaxed credit requirements and qualification criteria than standard financing; buyers with credit scores as low as 500 may still qualify. FHA-backed financing at Riverbrook Walk is available for both fixed-rate financing and adjustable rate mortgages (ARMs). FHA-backed financing is always handled through a designated, market-rate mortgage company; in Riverbrook Walk’s case, that lender is Wells Fargo Home Mortgage, one of the oldest and still most stable mortgage companies in America – yet another reassuring plus for the community’s homebuyers.

 

Riverbrook Walk buyers also enjoy a PILOT Tax Abatement Program for the property by the State of New Jersey. People who purchase a Riverbrook Walk home will enjoy an almost 50% discount on their property taxes over the next 10 years. Between the FHA financing availability and the tax abatement program, potential buyers may find that they can own a brand new Riverbrook Walk condo for less each month than what they currently pay in rent.

 

Riverbrook Walk’s key selling features are its low maintenance, comfort and convenience. These condominium flats are designed to be equally well suited for young, busy professionals who simply don’t have time for a lot of home maintenance, or older, empty-nest buyers who want style and space without any stairs.  The result is a community of 1- and 2-bedroom condos in elevator buildings set on lushly landscaped grounds. The community will ultimately include 90 condominium homes in 5 buildings designed in a traditional style but with modern innovations. All will include open, spacious floorplans, contemporary finishes and private balconies. Riverbrook Walk has its own clubhouse that includes a private community fitness center, with brand new state-of-the-art equipment, and community gathering rooms which are all open to residents 24 hours a day.

 

To learn more about PRC Homes’ new condos at Riverbrook Walk in South Bound Brook, and its multiple programs that can help qualified buyers purchase with less cash, have lower mortgage payments than they expected, and save on property taxes for 10 years, interested buyers and their Realtors® should phone the sales office at 732-560-9800, or visit online at RiverbrookWalk.com.