FHA and VA financing available at Cedar Bay in North Jacksonville

Purchasing a home is one of the biggest decisions that many people face in their lifetime. It is often viewed as out of reach by those who question whether it is more cost effective to rent versus buy.

As the housing market and the national and local economic climates change, there are options for buyers of all ages in various financial brackets.

At Cedar Bay, a GreenPointe Homes community in North Jacksonville, several financing options are available to prospective buyers, including FHA and VA loans. Those who use a FHA loan may pay as little as 3.5 percent for a down payment and for first time home buyers eligible for a VA loan, no money down is needed and the home is 100 percent financed. Home and lot packages begin in the mid-$170,000s and Cedar Bay buyers can purchase one of the few remaining lots on the Broward River, a tributary of the St. Johns River, and select from GreenPointe Homes’ award-winning floorplans.

“The piece of information prospective homebuyers repeatedly find most surprising is that a brand new single family home could cost less money per month than a rental home or apartment,” said Margaret Jennesse, Chief Operations Officer of GreenPointe Homes’ East Florida Division. “Homes at Cedar Bay are available and ready for move-in now so your family can be settled in quickly.”

Cedar Bay’s proximity to regional military bases such as Kings Bay Naval Station and Mayport Naval Station, downtown Jacksonville, and the Jacksonville International Airport attracts established professionals, families and first-time homebuyers alike. Cedar Bay is located only one mile from Interstate-295, which provides a short drive to Interstates 95 and 10, giving residents access in minutes to nearly every section of the Jacksonville area. The Jacksonville International Airport is approximately five minutes from Cedar Bay, the drive time to downtown is 15 minutes or less and residents can be at area beaches in less than a half hour.

“North Jacksonville is a growing community and is just a short distance from all that the metro-Jacksonville area has to offer,” said Vicki Bratvold, president of GreenPointe Realty. “Residents at Cedar Bay enjoy its quiet, family environment. I encourage everyone to visit Cedar Bay and discuss available financing options.”

Homes at Cedar Bay range in size from 2,138 square feet to 3,022 square feet, boast open floor plans with high ceilings, tall cabinetry, and upgrade options are available. All GreenPointe Homes residences are equipped with a number of energy-efficient features. The community is also built with respect for its natural surroundings, features wide streets with sidewalks, and offers a community Park overlooking the river for residents that includes a play set and picnic tables.

For more information about GreenPointe Homes and Cedar Bay, call (904) 619-1928 or visit www.cedarbayjax.com.