Villa Valencia launches into the San Jose real estate market with more than 100 buyers showing interest in its luxurious townhome and condominium units within the first two weeks of opening. Through the Down Payment Assistance Program, eligible homebuyers can purchase a new San Jose home at Villa Valencia for less than $1,000 per month for a limited time.
Online PR News – 17-April-2009 – – SAN JOSE, CA – Villa Valencia, a luxurious condominium community near Santana Row, recently announced that within the first two weeks of opening, more than 100 prospects have visited the beautiful townhome and condominium community. An eligible San Jose first time buyer can enjoy payments as low as $1,000 per month at Villa Valencia through the city’s current Down Payment Assistance Program for a limited time. The $1,000 monthly payment is calculated using a 5.125% interest rate on a 30-year fixed mortgage based on 20% down.
With the Down Payment Assistance program, the City of San Jose provides qualified homebuyers with up to 20 percent down payments on first time purchases. Income restrictions and other conditions may be applicable, so interested parties are encouraged to review full program details at http://www.sjhousing.org/downloads/VillaValencia.pdf.
“With the lowest prices for new construction in the San Jose real estate market, buyers are flocking to Villa Valencia to take advantage of additional savings through federal and state credits and tax advantages. Buyers are excited to learn than a first mortgage at Villa Valencia can be a tremendous savings over renting, putting more money in their pocket,” says Joanne Leeke, Community Sales Manager of Villa Valencia (http://www.liveatvillavalencia.com)
Approximate monthly rent in the highly popular San Jose area is currently $1,500 to $1,800, making purchasing a new home at Villa Valencia an appealing and cost-effective housing alternative. Through the Down Payment Assistance Program, Villa Valencia is extending City assisted loans up to $60,000 towards each qualified homebuyer’s purchase for a limited time, with the remainder of the home price being financed through private lenders and existing household funds.
In addition to offering the lowest priced new construction in the city, Villa Valencia is also located nearby vibrant and exciting Santana Row, making it an ideal choice for buyers looking to purchase San Jose new homes. Because of its premier location, many homes at Villa Valencia offer breathtaking mountain views, and select upper level units also feature spectacular views of the valley. Starting from $229,000, each spacious unit at Villa Valencia is well appointed with many luxurious standard features, including maple or cherry stain cabinets, granite countertops, contemporary appliances, and a one-car parking space in the community’s convenient gated underground garage.
Two bedrooms start at $334,000 and two bedroom townhomes start at $386,000.
“With more than 100 people showing interest during our pre-grand opening weekends, buyers need to move quickly to take advantage of Villa Valencia’s unbelievable prices. With first mortgage payments starting as low as $1,000 per month with 20% down for new construction homes in the popular Santana Row area, Villa Valencia is exploding into the San Jose real estate market," says Leeke.
About the Reiser Group: The Reiser Group (http://www.reisergroup.com/) is a leading sales and marketing agency to residential property developers and specializes in new home sales throughout California and Nevada. They are committed to providing customers with the best service when purchasing a new home. The company has a network of mortgage brokers and title companies to make purchasing a home in the San Jose real estate market as simple as possible.