ORLANDO / SEBRING,
Fla. Majestic Cove, the luxurious 69-unit
condominium overlooking
Lake Jackson
near downtown Sebring, has been approved to offer VA financing for the purchase
of its well-appointed units.
David
Bryant, Agent of Premier Sotheby’s International Realty the firm marketing
Majestic Cove, said Peoples Bank assisted in the approval process which helped
determine that the condominium community met all the VA criteria.
Eligible veterans can purchase a residence at Majestic Cove
with $0 down, 100 percent VA financing of the purchase price with no monthly
private mortgage insurance needed.
For
additional financing information visit
http://themajesticcove.com
and click on Contact Us.
The highly-amenitized waterfront community is on the VA’s
approved list of condominiums. The Lender’s Handbook issued by the Department of Veterans Affairs has a
chapter on requirements for condos, such as the community must not be under
occupied, no age limitations and no resale limitations by the HOA, to name a
few.
“This opens up a great opportunity for veterans to buy a
condominium at Majestic Cove, with their hard-earned VA benefit and it can make
life easier whether they’re still in active duty and on the go, or retired from
service,” Bryant said.
Peoples Bank, a trusted lender for Majestic Cove, is
offering several conventional loan options too, including 95 percent financing
of a primary residence, 85 percent for a second home and 75 percent for an
investment property.
Bryant said the new financing programs add compelling value
for current and future owners of the residences at Majestic Cove.
The 16 remaining luxury condominiums feature five spacious
floor plans that range from just over 1,300 square feet to just under 2,000
square feet.
All
Majestic Cove condominiums have three bedrooms and two or three full baths.
Special features include custom cabinetry, granite countertops and backsplash,
stainless steel appliances, travertine stone flooring in the main living area,
crown molding, 8-foot solid wood doors, and a luxurious master bath with dual
vanities, garden spa tub and separate shower.
Each
condominium residence at Majestic Cove features a spacious covered patio with
magnificent views of Lake Jackson,
a 36-boat slip marina and a resort-style pool and spa. The Marina has slips available for sale, priced
from $15,000 for an open slip and $25,000 for a covered slip.
Majestic
Cove residences are priced from the $130s to the low $300s, far below
replacement costs, according to Bryant.
Majestic
Cove is located on Lake Jackson,
a 9,200-acre pristine lake and is a short walk from Sebring’s historic downtown
city center with restaurants and shops.
It’s ideal for a primary residence, a vacation home or investment.
“Buyers
of these condominiums are coming from the congested southeast coastal counties
of Florida as well as the mid-Atlantic states
and Canada,”
Bryant said.
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