CONTACT:
Kira McCarron, Chief Marketing Officer (215) 938-8000
PLEASE NOTE:
This event will take place locally at The Lakes at Maple Grove in Maple Grove; Steeplechase of Eagan in Eagan; and Spring Lake Estates in Shakopee.
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TOLL BROTHERS’ NATIONAL SPRING SALES EVENT
NOW UNDERWAY
Significant Savings and 3.99% (4.05%) APR* Mortgage Rate Offered to Twin City Home Buyers
Toll Brothers, the nation's leading builder of luxury homes, invites Twin City home buyers to attend their National Spring Sales Event, going on now through Sunday, April 26, in all 5 Toll Brothers communities in greater Minneapolis-
The 3.99 percent 30-year fixed rate mortgage may be locked in for up to 11 months.** This deal is for loans of $417,000 or less and carries no points for the buyer. It requires a 20 percent down payment and a credit score of 720 or higher. The program is available through TBI Mortgage Co., a Toll Brothers subsidiary, and is only available during the event.
"Home buyers that place a deposit on a new home during this event can take advantage of this spectacular mortgage rate program plus receive some very desirable high-end options that would otherwise cost thousands of dollars," stated Alex Martin, Assistant Vice President. "And that's in addition to Toll Brothers' unparalleled list of included features."
For those seeking quick occupancy, the value has never been greater. "Special incentives, the likes of which we've never seen before in this market, are being offered on all completed homes and condominiums,"
Toll Brothers is also including a Mortgage Protection Plan for a limited time.*** The Plan, which is free to Toll Brothers home buyers who finance their homes through TBI Mortgage® Company, covers up to six months of mortgage payments - up to $2,500 per month - for a qualified job loss within the first two years after closing.
For those with a home to sell, the builder offers special programs to help including home staging services and extended build times.
Toll Brothers offers 5 impressive communities in the Twin Cities area: The Lakes at Maple Grove in Maple Grove; The Estate and The Signature Collections at Spring Lake Estates in Shakopee; and The Carriage and Signature Collections at Steeplechase of Eagan in Eagan. Single-
"The National Spring Sales Event provides a fantastic opportunity for buyers to take advantage of the current market," stated Martin. "They can save more and get the most house for their money plus the peace of mind that comes with choosing the nation's most financially sound builder."
Toll Brothers began building its sterling reputation in 1967, setting the standard in integrity, value, timeless design, and exceptionally high quality. For more than forty years, the renowned luxury home builder has been considered one of the smartest and best-managed companies anywhere.
Toll Brothers was voted #1 among home builders in Quality of Products and Services, Quality of Management, Financial Soundness, Long-term Investment, and Use of Corporate Assets in Fortune magazine's World's Most Admired Companies 2009.
"We're certain that Toll Brothers' continued appeal despite the current market is due to its unwavering financial strength and its stability," said Martin. "Buyers are looking for great value in the deals that are out there right now - but they also want to know that their dream home will be completed as promised - on-time and on-budget, and that the builder is here to stay," he added.
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.
Toll Brothers, a Fortune 1000 company, is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder, the National Housing Quality Award, and National Builder of the Year.
For details and to take advantage of the limited-time national sales event, stop by any one of Toll Brothers' communities in Eagan, Maple Grove, or Shakopee. For a complete list, visit TollBrothers.com/
*Rate based on a 30 Yr. Fixed Rate loan, $417,000 loan amt., 20% down and lock term up to 330 days. Pmt. factor at 3.99% = $4.7684 per $1,000 financed (ex. $100,000 loan = $476.84/mo). Rates/program in the example avail. Exclusively through TBI Mortgage and assume builder incentive used toward rate buydown. 3.99% avail. for loan amts. up to $417,000 only. Rates/programs subject to change w/o notice and for qualified buyers only; other programs avail. Above rate available on select Toll Brothers homes with a new deposit between 4/18/08 and 4/26/09. **Loan amount limited to $417,000 and require an up-front lock reservation fee which may be credited to TBI Mortgage by Toll Brothers upon receipt of an executed Endorsement to the Agreement of Sale and Lock Agreement. Program/rate/
***Offer valid on Toll Brothers homes for loans closed on or after 2/20/09. Offer is provided through TBI Mortgage Company; a subsidiary of Toll Brothers, Inc. Coverage begins at settlement/loan closing date and only applies to involuntary unemployment/
