Golfer's Paradise: Exclusive Fairway View Dreamhouse (on 1 of 27 holes)



Creative Deal Gets You Into Delaire

                 Plus: A Creative Financing Deal to Make Delaire Your Home

OWN THIS $462,000 GOLF COURSE HOME FOR UNDER $200,OOO CASH WITH   

NO MORTGAGE PAYMENTS FOR AS LONG  

AS YOU LIVE THERE                          


A NEW WAY TO PURCHASE YOUR DREAMHOUSE

Come see our beautiful, open-space California style home that looks out on a sculptured fairway and pond in one of South Florida's finest golf communities and we'll introduce you to a brand new way to buy a home.

HECM for Purchase is a home loan program insured by the FHA designed to allow people over 62 to use a large portion of the equity in their new home to help them buy the home.  Depending on the age of the youngest borrowing spouse, HECM for Purchase can provide you with between $270,000 and $325,000 towards the purchase price of this $450,000 home with no monthly mortgage payments.  This loan is not due to be paid back until you vacate the house.

By buying our home with a HECM for Purchase and paying the balance in cash, you will have no monthly traditional mortgage payments.  (You must, however, pay your real estate taxes and insurance regularly.)

HECM for Purchase is a straight-forward program. Here is the process and the requirements:
  1. The youngest borrowing spouse must be 62 or older.
  2. You will work with a licensed loan originator on the application and approval process.
  3. The amount available to you is a percentage of the appraised value of the property essentially based on your age and current interest rates and calculated by HUD. At today's rates you would receive the following:


Age     Home value  Your proceeds     Balance of cost
65           450,000         243,000                 207,000
75           450,000            277,000                 173,000
80           450,000           312,000                 138,000
    1. The HECM for Purchase loan must be the only lien on the home.  Therefore, you must be able to pay the balance at the time of purchase.
    2. In addition to the loan originator, you will be required to have a counseling session with a HUD-approved, exam tested counselor.
    3. You will be entitled to live in your home for as long as you like.  The loan is not due until you choose to move out.  You must continue to pay real estate taxes and insurance.  As long as you do, you cannot be forced out of the house.
    4. Fees for closing this loan may include an origination fee of $6000, an insurance premium to the FHA and standard closing costs including title insurance, etc.  The fees are paid out of the loan proceeds.  Currently, some lenders are reducing or waving some of these fees.
    5. This loan is “non-recourse,” which means the borrower (or the heirs) never have to pay back more than the value of the home at the termination of the loan.   Any shortfall is covered by your FHA insurance.
ELEGANCE, COMFORT, TRANQUILITY...AND GREAT GOLF!

A home designed with every convenience and for every occasion.  A spacious, comfortable and safe place to live, an elegant, dramatic place to entertain, a peaceful, private place to relax...and 27 holes of non-pressured golf.  Plus a brand new luxurious clubhouse and fitness center.

From a plushly landscaped front yard, you enter the dramatic and wide open living space with a cathedral ceiling and floor-to-ceiling sandstone fireplace wall--large living room that can accommodate any furniture arrangement, dining room and den, mirrored bar and a fully equipped kitchen spacious enough to invite family or friends to cook together.  The back wall is all glass, bringing in so much light you always feel outdoors, opening out onto a Florida room, patio, pool and spa, more plush landscaping and, best of all, an unencumbered view of the pond sitting on a well manicured green fairway.  The openness, the sky, the grass provide a tranquil and very private setting and make this a choice location.

Your spacious master bedroom suite, also looking out on the pond,  includes resort-quality his and her bathrooms and a closet space large enough to be a bedroom of its own. There are two guest bedrooms as well as an artist's studio or fourth bedroom, also with a cathedral ceiling and skylight and built-in bookshelves and storage space, a full guest bathroom and also a powder room.  A sound system fills the entire house with music.  You operate the blinds from your easy chair by remote control.  There is modern lighting everywhere which can be altered to change the mood.  No comfort or convenience has been denied.

You walk but a couple of hundred yards to the clubhouse or one of tees of the three nines, immaculately kept whatever the season and never too crowded to accommodate your schedule.  You are surrounded by fewer than 300 beautiful homes spread along the fairways in a gated community secured by an attentive and helpful 24-hour a day staff.
The people who live here in Delaire love being here.

Please call us for an appointment and join us for lunch in our contemporary clubhouse looking out on the fountains of the golf course.  Get a taste of the unique Delaire experience.

Asking price $462,000
Taxes $7400
House size 4500 square feet
Plot size 1/3 acre

4325 White Cedar Drive
Delaire
Military Trail just south of Linton Boulevard 

Call Jerry at 561-622-6158 or email jerbel76@hotmail.com
Most Beautiful clubhouse south of Palm Beach--under construction
Most Luxurious Clubhouse in Area--under construction.

(For more views of golf facility, go to Delaire.org.)




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