Here are just a few of the question buyers have been asking us and some quick answers to help us keep the conversation going on your purchase at Cobalt.
A common misconception is that buyers must have a substantial down payment to purchase a new home. Today’s reality is that a variety of programs exist to help buyers reduce the down payment amount and, in some circumstances, depending on available programs and subject to qualification, buyers may even be able to put $0 down!
HOA stands for “Homeowners Association”. In residential communities with an HOA, owners are required to pay a monthly fee to the HOA to cover costs including the cost of short and long term upkeep for common areas and services such as streets, parks, landscaping and community recreation centers. These costs can vary. Please call our Homebuying Counselors for additional information.
A good credit score does help with qualifying for a home loan. However, if your credit score isn’t where you want it to be, you may still be able to purchase a home. Lenders work with buyers at all levels of credit score and, if you have some time before you purchase, you can take certain actions now that may improve your credit score by the time you are ready to purchase. You can also have a trusted family member or friend co-sign on the loan to make the process easier.
If you are ready to pre-qualify or have questions about the process, our preferred lending partner is loanDepot. You can contact our Loan Consultant, Jeanne Ball at JBall@loandepot.com or (909) 912-7855.
Please note that pre-qualification is only a preliminary qualification based on limited information and you will have to go through a more detailed qualification process to obtain final loan approval.
The term “property taxes” actually includes a variety of different taxes and assessments charged against real property including, but not limited to a tax on the value of the property, various fees and costs of maintenance of certain public facilities assessments, and Mello-Roos special taxes.
All homes at Cobalt are also part of a Mello Roos district and pay an additional tax as a result. Mello-Roos special taxes generally finance the construction of infrastructure improvements such as roads, utilities etc. A special tax notice describing the districts and related special taxes is available in the sales office.
Reach out to our Homebuying Counselors Gilma Drummy & Eric Ree at Cobalt@NWHM.com or (480) 360-9660.
All of the above information is subject to the terms, conditions and disclosures found at CobaltNWHM.com. Please visit this website, and its terms and conditions, and review carefully.