Van Wyck Mews by Toll Brothers
FISHKILL, NY. – Toll Brothers’ New York Metro Division announced today that buyers at Van Wyck at Merritt Park in Fishkill can now purchase a home in its luxury condominium, townhome and single-family home communities, with as little as 3.5 % down by obtaining mortgages backed by the Federal Housing Administration (FHA).
At a time of historically low interest rates, FHA approval means buyers can purchase a residence at any of these communities for as little as 3.5% down, with a loan limit of up to $443,750. The minimum credit score needed to qualify for the loan is 620. Plus, due to a recent policy change regarding FHA-insured loans, first-time home buyers at any of these communities may be able to immediately apply the federal $8,000 home buyer tax credit toward the purchase cost. Interested buyers need to act soon as the $8,000 home buyer tax credit is only available until December 1, 2009.
“This is an unprecedented opportunity for home buyers, especially first-time buyers,” said Dan Zalinsky, senior vice president of Toll Brothers’ NY Metro division. “The built-up demand for quality housing is tremendous. The government’s interest in restarting home buying activity has increased the affordability of a home, while maintaining value.”
According to estimates by the National Association of Home Builders, the federal homebuyer tax credit will stimulate 160,000 home sales across the nation – 101,000 of which will be first-time buyers who are eligible for the credit. Another 59,000 existing homeowners will be able to buy another home because a first-time buyer purchased their home.
Located near I-84, the Taconic Parkway, and the Metro North railroad, Van Wyck Glen, Van Wyck Meadows, and Van Wyck Mews comprise the exclusive Van Wyck at Merritt Park.
Van Wyck Glen, a community of 221 single family homes, is entering its final phase of sales and construction with only 21 left to sell. This community has homes from 2,300 to 2,800 square feet, and pricing begins in the upper $400,000s. Interested buyers are encouraged to act quickly as home sites are moving quickly.
Van Wyck Meadows, a community of 318 townhomes, has just released its most sought after phase of homes, the Enclave. The townhomes range in size from 2,100 to 2,900 square feet and priced from the upper $300,000s. The Enclave offers finished basements with half baths at no additional cost.
Residents at Van Wyck Glen and Van Wyck Meadows share a clubhouse with a fitness room and lounge. The generously equipped facility also offers a large lap-pool, kiddie pool, adventure-inspiring playground, sport court, and tennis court.
Van Wyck Mews is a community of 337 condominiums with floorplans ranging in size from 1,196 to 1,437 square feet, and pricing from the upper $200,000s. In addition to well-manicured grounds and sophisticated architectural details, the community boasts a well-appointed clubhouse of its own with fitness room, a swimming pool, and a kiddie pool.
Take a tour of the exquisitely decorated models and visit the Van Wyck at Merritt Park sales centers today! Operating hours are from 11 a.m. to 6 p.m. every day. Inquire about Toll Brothers homes available for immediate occupancy. For more information please visit www.TollBrothers.com.
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. In addition to Van Wyck at Merritt Park, Toll Brothers is building Arlington Hunt, Old Hopewell Estates, The Hills at LaGrange, Mountain View at Gardiner, and Regency at Fishkill in Hudson Valley and Estates at Halfmoon in Saratoga County, New York.
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 more information, visit TollBrothers.com.
This is not an offering where prohibited by law.
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