Mar
16

Ryland Homes Offers Financing Special on Select Homes That Qualify for Tax Credit

March 16, 2010

An old English proverb states that all good things must come to an end — but buyers who act fast can still get while the gettin’s good and capitalize on tens of thousands in combined savings until April 30 at several Ryland Homes Chicagoland communities.

Not only did Ryland Homes have the foresight to build more than 20 homes across the suburbs that would appeal to buyers seeking early occupancy residences, but the government’s federal tax credit can be applied toward every one of these move-in ready homes. That means that first-time purchasers can get up to $8,000 and repeat home buyers can receive up to $6,500, provided the home purchase is completed by April 30, 2010 and closed by June 30, 2010 and so long as the purchaser qualifies for the tax credit (for more information, visit FederalHousingTaxCredit.com).

In addition to the tax credits and community specific incentives available, eligible buyers who finance through Ryland Mortgage Company can now take advantage of a financing special offering a super-low rate: a 3.75 percent fixed rate (5.15 percent APR) for years one and two, followed by a 4.75 percent fixed rate (5.15 percent APR) for the remainder of the loan (restrictions apply; consult a Ryland Homes sales professional for full details).

And for added peace of mind, each purchase automatically includes a mortgage protection guarantee called the Ryland Reassurance Program. For a designated time frame, your mortgage payment, up to $2,500, will be made for you if you lose your job involuntarily and are eligible for unemployment benefits.

“These incentives add up to an incredible bargain that we will never see the likes of again,” said Saylor Stam, vice president of sales and marketing, Ryland Homes Chicago Division. “While many shoppers may be aware that the tax credit doesn’t expire until after June 30, most don’t realize that you have to go to contract on a home by April 30. So we want to spread the word to prospective purchasers that the clock is ticking away on their last chance to score the deal of a lifetime on a brand-new, quality-crafted Ryland home.”

Stam noted that Ryland built dozens of inventory homes across 12 different communities for the specific purpose of accommodating customers looking to benefit from Uncle Sam’s tax credit, which originally had been set to expire last fall but was extended. Many of these early occupancy residences have already been claimed by shoppers eager to get the best selection and earn the tax credit before the deadline.

To view the full list of tax credit-eligible Ryland residences still available, visit Savings.Ryland.com/Chicago.

“The remaining immediate move-in homes we have feature a diverse assortment of floorplans, popular amenities and value-added extras. There’s something for virtually every type of buyer to choose from, including two-story single-family homes as well as villa- and urban-styled townhomes,” said Stam.

For example, Ryland Homes has two separate Krofton townhomes available — one at Talamore in Huntley and the other at Emerald Bay in Round Lake, priced at only $159,990 and $169,830, respectively. Each includes two bedrooms, two-and-a-half baths, two levels, two-car garage and 1,380 square feet.

Those in the market for a nicely equipped detached home, on the other hand, have ample bargains from which to select, including a two-story Hawthorne loaded with four bedrooms, two-and-a-half baths, three-car side-load garage, fireplace, stainless steel appliances, island kitchen, luxury garden bath, a homesite that spans nearly half an acre, and 2,735 square feet — priced to sell fast at $308,519 at Bryn Mawr in Crystal Lake.

Call (224) 293-3143 or visit RylandChicago.com for hours, directions and details on any of the builder’s current new construction communities, including:

Single-family communities
• Beacon Pointe in Hoffman Estates — from $359,990
• Blackberry Crossing West in Montgomery — Landmark Series from $182,990; Premier Series from $227,990
• Bryn Mawr in Crystal Lake — from $282,990
• Gilberts Town Center in Gilberts — from $224,990
• Haverford Place in Hoffman Estates — from $374,990
• Lancaster Falls in Volo — Landmark Series from $189,990; Premier Series from $251,990
• Shadow Hill in Elgin — from $279,990
• Talamore in Huntley — Landmark Series from $245,990; Hartford Series from $295,990
• Tuscan Woods in Elgin — from $269,990

Townhome communities
• Cedar Grove Townhomes in Elgin — urban-style rowhomes from $199,990
• Gilberts Town Center in Gilberts — urban-style rowhomes from $191,990
• Emerald Bay Townhomes in Round Lake — classic townhomes from $149,990
• Lakewood Springs Townhomes in Plano — classic townhomes from $129,990
• Talamore Townhomes in Huntley — classic townhomes from $164,990
• Patriot Place Townhomes in Bolingbrook — villas from $244,990

About The Author

Read All Stories By Walsh Communications

Lynn Walsh is the President at Walsh Communications, LLC. Walsh Communications is a full-service public relations, marketing and advertising agency for home builders and real estate-related industries.

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