Grey Fox Ridge
An Energy Star Development
Why is
Grey Fox Ridge
Right for You?
Grey Fox Ridge Smart Choices
The Right Amenities.
The Right Incentives.
The Right Availability.
The Right Loan Choice.
Grey Fox Ridge Amenities
• Subdivision
– The Only Energy Star Development in Northern Arizona.
– City maintained streets.
– Deed Restrictions to insure your investment.
• All Standard Home Features meet the high efficiency Energy Star Ratings.
– Energy Star
• 5 Star Certification.
• 20-30% savings of monthly utility costs.
– Green Guidelines per Federal Standards.
• Sewer System, Tile Roofs and more.
• Home Owner’s Association
– Only $50 per month Including
• A park with common areas leading to Verde River Corridor access,
• Watering and maintenance of common area landscapes and front yards from POA (nonpotable) well at no extra cost.
Grey Fox Ridge Incentives
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Buyer’s Choice instead of ‘Where is, As is’.
Brand New Custom Development and Homes.
Whole Home Solar System at no extra cost.
Full Two-year Warranty.
Meets Competitive Appraisal.
View Shed Home Sites.
Close Proximity to town, schools, parks,
hospital and shopping.
Grey Fox Ridge Availability
• 3 Homes Complete – Turn-key ready to buy.
• 17 home and lot packages available to build.
– From 1312sf to 3000sf.
• Customized floor plan and pick your own lot.
• Residential lots from $59,900 to $105,000.
• Staff ready to help you with all your home
buying options.
Loans - Which is Right for You?
Whether you are:
• A Professional
• A First-time Homebuyer
• Have Modest Income with no down-payment
or in need payment assistance.
• Looking for a second or retirement home
• Need a great conventional loan
• Or wish to buy a lot to build on later
The Right Loan is an
important decision.
We have a broad range
of lending options
designed with YOU
in mind.
• BBVA Compass Bank
– Professional Residential Loan
– 1stTime Home Buyer Loan
• USDA
– Direct Loan
– Guaranteed Loan
• Arizona Home Buyer Solutions Gift Program
• Arizona Housing Finance Authority MRB Plus
(TM)
• Conventional Loans
• Lot Loans
• Construction Loans
BBVA Compass Bank
Professional Primary Residence Loan
• Available for Physicians, Attorneys, CPA’s &
Dentists.
• Up to $1,000,000.00 loan.
• Down- Payment as low as 5%.
• Private Mortgage Insurance is NOT required.
• Student Loans deferred for 12 months are
NOT counted in qualifying ratios.
BBVA Compass Bank
First Time Home Buyer Loan
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Haven’t owned a home in 3 years.
First Payment not due for 3 months.
Down payment as low as 5%.
NO Origination Fee.
NO Private Mortgage Insurance.
Cannot exceed $417,000.
Low closing costs.
USDA Direct Loan
Low-Low or Low Income Subsidized Interest Loans
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NO Down payment.
NO Mortgage Insurance.
Direct from Federal Government.
Subsidized Interest.
– Monthly payment reduced as low as 1% interest.
• Closing Costs can be financed into the loan.
• 33-38 year loans available.
• Credit Score.
– Somewhat flexible around 650.
• Income Limits .
– starting at $18,850 for 1 person.
– and $43,050 for a 4 person family.
USDA Guaranteed Loan
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NO Down payment.
NO Monthly Mortgage Insurance.
30 yr Fixed Rate Financing.
Up-Front Fee of 3.5% presently which can be
rolled into loan.
• Income Limits – Yavapai County.
– 1-4 persons up to $73,600
– 5-8 persons up to $97,150
• No Loan Limit.
• Must be Primary Residence.
Arizona Home Buyer Solutions
Gift Program
(TM)
• Up to 2.5% Gift with no obligation to repay
after 5 months ownership.
• Only with FHA 30 year fixed loan, no prepayment penalties.
• Minimum FICO 620 all borrowers.
• Seller can pay 6% of buyer’s closing costs
• Co-signer’s OK.
Arizona Housing Finance Authority
MRB Plus
• Financing and Down-Payment Assistance.
• First time homebuyers.
• Assistance of 5% of Purchase Price may be
used for Down Payment or Closing Costs.
• No Payback required after 5 years.
Conventional Residential Loans
• Down Payments can vary.
– Primary Residence 20%.
– Secondary Residence 30%.
– Some programs as low as 5% down.
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NO Mortgage Insurance.
Closing Costs varies.
680 Credit Score and up.
Credit Score drives interest rates.
– 15 year loan – 3.5% and up.
– 30 year loan – 4% and up.
Residential Lot Loans
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For Primary or Secondary Residence.
Low Closing Costs.
Affordable Payments.
25% of Purchase Price.
Example from National Bank of Arizona.
– based on a $69,000. Purchase Price.
Down
Payment
Loan
Amount
Monthly
Payment
5/1 Arm
Loan Costs
25% =
$17,250.
75% =
$51,750.
$472.41 PI
Rate fixed for
the first 5 years
then adjusts
annually – up to
15 years
1% = $517.
Course of Construction Loans
• With Approved Loan Status Report from
permanent lender.
• Preferably 20% down but can be less.
• Interest rate ranges from 6 ½ to 7 ½ % varies.
• 1% Origination Fee.
• Up to 1 year – can vary.
• Can be rolled into permanent financing.
Grey Fox Ridge by
• Bill Bullock, C&B Construction, Inc.
– Master Builder with over 35 years experience.
– Arizona Commercial and Residential Contractor.
– Voted #1 in 2008.
– General Contractor and Developer.
– Contractors Residential License # 39973B
– (928)239-0144
Exclusive Representation
• Yavapai Realty LLC
– Esther Talbert, Broker
• (928)254-0525
• esther@yavapairealty.com
• www.yavapairealty.com
• Co- Representative
– Mingus Mountain Real Estate
• Janette Tomlinson, Agent
– (928)301-2161
– janandamy@gmail.com
Presentation by Yavapai Realty LLC
Esther Talbert, Designated Broker
Together we can make a difference!