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Shea Homes Offers Beautiful New Homes in Growing Area

Monday, August 11, 2008 / Shea Homes

Shea Homes Offers New Homes in Growing Area

Litchfield Park, AZ – August 6, 2008 – Many people who never thought they would be able to own their own home, are discovering that the town of Litchfield Park, located in Maricopa county, offers new homes loaded with features at affordable prices. All Shea homes feature quality workmanship, innovative floor plans and numerous options in amenity-rich communities. In addition, the company prides itself on unparalleled customer service, so new home buyers will have a dedicated team helping them through the sales process and beyond. Further, Shea Mortgage assists new home buyers step-by-step through the mortgage process.

Shea Homes has two communities in Litchfield Park at Arroyo Mountain Estates, Mountain Shadows and Granite Ridge. The community, which is conveniently located just 20 minutes from downtown Phoenix, is in close proximity to the new Westgate City Center, home to numerous restaurants, sports and entertainment venues as well as the new Westcor Mall.

Granite Ridge at Arroyo Mountain Estates offers six unique floor plans with up to six bedrooms and 2,895 to 4,589 square feet of living space; homes are priced between $264,900 and $367,990. With only 24 homesites remaining and 7 designer homes under construction, this community is quickly moving toward close-out status and buyers need to get in now to lock in their preferred homesite before they are gone.

Mountain Shadows at Arroyo Mountain Estates boasts nine diverse floor plans, three of which offer basement options. Homes range from three to six bedrooms and vary from 2,472 to 4,239 square feet; priced between $223,450 and $358,540.

“Arroyo Mountain Estates offers an outstanding value in the growing West Valley, as a result more individuals and families can now realize the American Dream of home ownership. The community offers a wide range of amenities that provide a great lifestyle for community residents. Additionally, nowhere else in the Valley can you find these unique homes at an unheard of price per square foot with countless included features.” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes.

As you may be aware, the President has officially signed the new Housing Bill. Before this Bill formally goes into effect on October 1st, now is the perfect time to take advantage of some of those home buying assistance programs that may no longer be offered including the “$0” down payment assistance, the lower Federal Housing Administration (FHA) minimum down payment limits and current FHA loan amounts.

How will this affect decisions to purchase a new home? On October 1, 2008, all government sponsored “$0” down payment assistance programs are scheduled to stop. To beat the deadline for these programs, all "$0" down home loans must be fully approved by September 30, 2008 (Full approval may take approximately a month). Secondly, the FHA will be increasing the minimum down payment required on all FHA Loans from 3% to 3.5%. There is also a provision which could lower the current FHA loan amount of $346,250 down to the Phoenix area's median sales price of $277,000. This could drastically impact anyone purchasing a home with a higher sales price as it would fall outside the revised FHA limits (Source: H.R. 3221 - Housing and Economic Recovery Act of 2008). Granite Ridge and Mountain Shadows offers several homes in which buyers can still take advantage of the current, buyer-friendly programs if they act quickly.

To visit Arroyo Mountain Estates take I-10 west to Jackrabbit Trail, then north to Camelback Road.

Shea Homes was named Builder of the Year in 2007 by Professional Builder Magazine; the Company strives to offer a range of homes that fit individual needs, lifestyles and financial means of the area’s population. The company was named one of “America’s Best Builders” by the National Association of Home Builders and Builder Magazine, and they were recently the recipient of numerous MAME (Major Achievement in Marketing Excellence) Awards from the Home Builders Association of Central Arizona.

About Shea Homes: America’s largest privately owned homebuilder, Shea Homes is a division of Shea Homes Limited Partnership, an independent member of the Shea family of companies, which celebrated its 125th anniversary in 2006. Over the past century and a quarter, members of the Shea family and their companies have accomplished many extraordinary milestones, including completing work on the foundation of the landmark Golden Gate Bridge, working on San Francisco’s Bay Area Rapid Transit System (BART) and serving as a managing partner for the construction of the Hoover Dam. Yet Shea Homes’ most satisfying achievements continue to revolve around listening to its customers’ needs and satisfying those needs by providing an extensive selection of new home floor plans and quality workmanship in the finest neighborhoods and communities available today. Call 866-696-7432 or visit www.sheahomes.com for additional information.

Published by : Lynnae Clore
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