Paramount, CA (PRWEB) September 15, 2011 – Heritage Walk in Paramount announced today that they are releasing two affordable units priced below market value. The affordable pricing is being offered through City of Paramount’s Affordable Program. Heritage Walk is a new home community of 17 single family homes currently under construction in Paramount by The Olson Company. The community is being built to provide affordable and market rate, LEED Certified, Spanish architectural homes to the residents of Paramount. Heritage Walk offers homebuyers 3 bedrooms, 2.5 baths, attached 2-car garages, private rear yards, and square footage from1,302 s.f.
The affordable pricing is based on a below market rate sales price of $234,990. Income and other restrictions apply. Buyers must qualify for the Affordable Housing Program through the City of Paramount. Homebuyers can learn more about the program by visiting Heritage Walk. Sales Counselors at Heritage Walk have been busy assisting potential homeowners on how to apply for the program. Home shoppers are encouraged to apply in person or visit the heritagewalkparamount.com website for complete details. To get the monthly payment of $1,775*, Heritage Walk is using an interest rate of 4.250%, with an APR 5.105%, and requires a total down payment due at the close of escrow of $8,260. The $1,775 monthly payment Includes principle, interest, taxes, insurance, and HOA fees. Certain income restrictions apply.
Heritage Walk’s cozy tree-lined neighborhood captures the city’s small-town feel and appeals to a variety of lifestyles and families seeking the right mix of extra space and privacy. As a gateway to Los Angeles County, Heritage Walk is conveniently located near four major freeways, the Los Angeles International Airport, the ports of Long Beach and Los Angeles and provides easy access to both downtown Los Angeles and Orange County. The community is ideally located just minutes from the area’s most exciting restaurants, nightlife, shopping, recreation, and entertainment.
Heritage Walk’s new home prices start in the mid $200’s. Heritage Walk is located at 15542 Orange Street, Paramount, CA 90723. To learn more about Heritage Walk visit HeritageWalkParamount.com
About The Olson Company – Founded in 1988, The Olson Company is California’s leading developer of innovative and affordable in-town communities in established neighborhoods. The Olson Company creates uniquely designed communities which redevelop and enhance neighborhoods utilizing transit-oriented developments, live/work, mixed use developments, brownstones, single family attached and detached homes in partnerships with cities and other agencies.
Headquartered in Southern California with communities throughout the state, Olson is a recipient of America’s “Builder of the Year.” Further information about Olson Homes can be obtained online at OlsonHomes.com.
Newlyweds and young professionals wanting to live the American Dream of being a homeowner in these challenging economic times should look no further than Heritage Walk Paramount. The Olson Company is offering special incentives to first time buyers – only two affordable housing cost units are left in this cozy tree-lined neighborhood.
Heritage Walk is a new home community of 17 single family residences in Paramount that captures the city’s small-town feel and appeals to a variety of lifestyles and families seeking the right mix of extra space and privacy. Heritage Walk is conveniently located near four major freeways, the Los Angeles International Airport, the ports of Long Beach and Los Angeles and provides easy access to both downtown Los Angeles and Orange County. The community is ideally located just minutes from the area’s most exciting restaurants, nightlife, shopping, recreation, and entertainment.
The two “affordable housing cost” units currently available are priced at $234,990; compared to the market rate homes at $290,000 – $310,000. Located on a cul-de-sac, both of these Spanish architectural units are LEED certified and offer 3 bedrooms, 2.5 baths, 1,302 sq. ft.
Applicants must be first time home buyers, by virtue of not owning a residence within the last three years. Buyers can purchase with FHA financing with as low as 3.5% down. Income restrictions and deed restrictions apply. Buyers must qualify for the program through Bank of America and the City of Paramount.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” Further information about Olson Homes, including the Heritage Walk Paramount and Citrus Walk Covina properties, can be obtained online at Olsonhomes.com.