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THE HOMES AT RIVER RUN - A TRULY AFFORDABLE RESIDENTIAL OPTION

Financing Options

We are offering a promotional price of $130,000 for each the first 13 homes at River Run, with optional down payment assistance from the developer for qualified buyers, and a promotional land lease rate of $650 per month. See the FAQ tab for additional information.

These are two-bedroom homes with 650 square feet of living space, and we challenge anyone to find a better value on the Western slope in terms of quality, style, location and community services.

…AND HERE’S THE BEST PART

It is our goal to allow buyers to move into one of the first 13 home at River Run for a down payment of not more than $10,000 and a monthly payment of $1,250 or less, land lease and mortgage payments included…NOW THAT WILL BE AFFORDABLE!!!

We are working with local banks that may be willing to offer attractively priced first mortgage financing to home buyers. If you think you might want to take advantage of the promotional pricing on a home at River Run, it is not too soon to begin investigating your financing options.

To obtain contact information for local bankers willing to discuss financing options for the purchase of a new home at River Run, please call us at 970-445-3095.

We have provided one hypothetical financing example below — actual numbers will vary depending on the bank, your credit score, prevailing interest rates, and other factors. Please note that RRC is unaffiliated with any of the banks that may be interested in offering financing to River Run home buyers and cannot provide assurances regarding loan qualification or terms.

1.  Financing Your New Home

Bank financing assumes a 30-year loan of 70% of the purchase price with a fixed interest rate (now approximately 4% APR) for five or seven years, then adjustable

Percentage Financed by 1st Mortgage 70%
First Mortgage from Bank (1) $91,000
Down payment assistance from Developer (2) $29,000
Down payment from buyer $10,000
Your Promotional Home Purchase Price $130,000
    (1) Bank financing assumes a 30-year loan of 70% of the purchase price, a fixed interest rate (now approximately 4% APR) for five or seven years, then adjustable
    (2) Promotional down payment assistance (buyer-optional second mortgage) from developer — 20-year loan with a fixed rate of 3%
2. Your Monthly Payment
Percentage Financed by 1st Mortgage 70%
Initial Level Monthly Payment on First Mortgage if at 4% APR $434
Level Monthly Payment on Second Mortgage at 3% $161
Promotional Monthly Land Lease $650
Total Promotional Monthly Payment $1,245

Taxes and insurance are estimated at $60 and $50 per month, respectively