U.S. interest rates have actually been rising for a while, now, but at a glacier-slow pace that many people would have not noticed unless they were in the business of making home loans. In fact, you might be surprised to know that interest rates for a thirty-year home loan are now around 5.25% for a borrower with good credit. According to Forbes Magazine, long term interest rates are at a secular decision point that is likely to result in significant, if not surprisingly higher interest rates over the next several quarters.
If you are in the market to buy a new home, the good news is that LC Home has year-end special on its move-in ready homes. LC Home is providing a large financing incentive to buy down your interest rate to 3.25% year one, and 4.25% year two. As if that weren’t enough, LC Home will provide seller prepaid mortgage insurance, which will save you hundreds of dollars per month on your mortgage payment. On a $400,000 loan, this could save you up to $700 per month in your first year.
New Homes from the $400s
Fox Grove is one of the few places you can find affordable new home construction with the benefits of a Fort Collins address. The neighborhood is a celebration of great architecture with a blend of craftsman, prairie, and modern farmhouse styles. Homes have a modern color pallet, stained trim accents, wood panel style garage doors, generous amounts of stone, and accent can lights that create a beautiful nighttime streetscape. Homes are designed with oversized windows for ample light and to take advantage of the rolling landscape and sweeping views of Horsetooth and Longs Peak.
Know Your Neighbor
Here’s the thing about an LC Home community, its not about new houses, but the people who live in them. With 67 homes, the community is big enough to have a diverse group of people but small enough to know your neighbor.
Features You Won’t Find Anywhere Else
No two homes are the same at Fox Grove with unique finishes selected by interior designers and a variety of fixtures and floor plan options. Homes come with granite/quartz counters, wood and tile flooring, gas range, stainless appliances, full tile backsplashes, and more.
If you love cars or want to have a shop in the garage, all homes have either a 3 car tandem garages, 2 ½ car garage, or a 4 car tandem garage.
All of the homes in Fox Grove are ENERGY STAR certified and have a five star plus home energy rating (HERS) score. You will never run out of hot water again as all homes come with oversized tankless hot water heaters.
Accessible and Convenient Location
Fox Grove is accessible and convenient to I-25 to make your commute shorter and faster. Take East Mulberry Street for a quick drive into Downtown Fort Collins to enjoy restaurants, breweries, and festivals. From Harmony Road, you can also access the new Banner Medical Center. Visit the ample shopping and dining opportunities along the Harmony Road corridor including Front Range Village, Villagio, Costco, Super Walmart and more.
Get Ready for New Prospect Middle/High School
East Fort Collins is now one of the best places to live if you are starting a family or have young children. New Prospect is a Middle/High School that is expected to be completed in the fall of 2022 and includes a regional athletic field with a 4,500 seat stadium for those aspiring young athletes. This school once complete will be exclusively for students east of I-25. If you have older children, be rest assured there are lots of great public, private, and charter school options nearby and Fort Collins has a school of choice program so they can attend wherever you want.
Want to find out more about homes in Fox Grove? Contact Anita Pool at our sales office at (970) 744-9501 or visit the Fox Grove page on our website.