A 30-year fixed rate Orange County bond financing program is available at the 136-unit Stanford Court town house development in Anaheim, according to the developers, Century American, Orange.
Half the two- and three-bedroom units, ranging in price from $105,990 to $118,990, have been sold at the Cape Cod-style project on Crescent Avenue, east of Brookhurst Street. An annual percentage rate of 10.2% and low down payments are features of the bond program.
30-year Fixed Program
Wolf Homes is offering 30-year fixed-rate financing, as low as 9 1/2%, at Chateau Heritage, an 83-unit single-family development in Escondido. The two- and three-bedroom houses, ranging from $96,900 to $112,900, are on two artificial lakes. The 9 1/2% rate is for 90% financing; a 9 3/4% rate is for 95% loans.
Graduated Plan Offered
An adjustable-rate financing plan, with reduced interest rates for the first two years, is available at the 72-unit Old Stonegate town house development by Grant Building Co. in Santa Ana. Financing is available at 8.9% the first year, 9.75% the second and 10.625% (10.95% annual rate) the third through 30th years. Prices for the two- and three-bedroom units range from $99,500 to $111,500. The development is on Westminster Avenue near the Euclid Street exit of the Garden Grove (22) Freeway.