Ten-Year Tax Abatement
Full ten-year tax abatement is available on remaining first phase townhomes*. Few opportunities remain.
BUILDER INCENTIVE ONLY AVAILABLE FOR A LIMITED TIME
Let us help you take advantage of this amazing offer. Make an appointment with our Northbank sales team today. They’ll not only help you choose the model perfect for your new life on the water, they’ll connect you to our preferred lenders offering these exclusive rates and help you through the pre-qualification process.
Receive a mortgage interest rate lock and buydown incentive from the builder when you purchase a new home at Northbank for list price and finance the purchase of your new home through one of our preferred mortgage companies. Please contact our onsite Sales Managers or visit our onsite sales gallery to learn more about our available homes and incentive programs.Incentive not available on existing contracts. Certain loan programs may not qualify for the full incentive. The value of the incentive may vary, may not be applied to the purchase price of the home, and is subject to a cap. Any unused portion will be forfeited. Incentive does not include payment of prepaid taxes, property or mortgage insurance, or mortgage installments. Incentive applied at closing. Federal and state taxes, if any, are the responsibility of the recipient. Void where prohibited. This is not an offer to lend.
7 / 1 – SOFR ARM rates effective 10-11-23 and are based on a 60-day rate lock adjustable-rate mortgage financing. Sample loan scenarios assume an owner-occupied purchase with a $765,000 purchase price, loan amount of $612,000, a $153,000 down payment (20%), and 760 credit score. Borrowers would need to “float” their rate until they are within 60 days of closing and then would have the opportunity to lock their rate at then current interest rates. Longer rate locks may be available. Please inquire for details. Current 60-day lock Market Rate Scenario with an interest rate of 5.875% (7.387% APR), with a monthly P&I payment of $3,620 and $0 in points to be paid by the borrower (Builder paid buy-down). Rate shown assumes Builder’s Credit of 4.169% ($25,514) used towards an interest rate buydown. The Builder is currently offering up to $30,000 towards closing costs (primarily for interest rate buydowns). All final incentives must meet regulatory program guidelines.Locking your interest rate does not guarantee that your new home will be complete by the expiration of the interest rate lock period. Additional terms may apply. Rates, terms, and availability of programs are subject to change without notice.