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Special Financing

City Bonds Available for Buyers in Ontario

February 03, 1985

Adjustable Rate

Manhattan Village, on Marine Avenue and entered from either Gateway or Portsmouth Drive, Manhattan Beach, offers 30-year adjustable-rate loans starting at 9 7/8%, according to Coast Realty, the sales agent. Prices range from $210,000 to $470,000 for three housing types in the collaborative project of Coast Construction Co. Inc. and Pacific Coast Homes, and models are open from 10 a.m. to 5 p.m. daily except Fridays.

Bonus Offered

Buyers of the final 10 homes in Phase 1 of Upland Vistas will have a $6,000-bonus added to all down payments of 5% or more on a 30-year, fixed-rate loan. Prices start at $119,500. The models are open daily from 10 a.m. to 5 p.m. at Benson Avenue and Arrow Highway, Upland.

Buy-Down Option

Le Park in Simi Valley offers 30-year loans at a fixed 10.99%- interest rate with a 5% down payment to buyers who qualify with income under the ceiling who have not owned a home within the past three years. A buy-down option lowers the rate 2% the first year and 1% the second. Additionally, there are VA and FHA programs. The developer is EPAC Development of Long Beach; homes in five floor plans have one or two bedrooms or two bedrooms plus den/loft in 733 to 1130 square feet are priced from $62,990 to $99,990. There will be 264 homes when all three phases are complete.

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