Current Promotions:

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PMC Homes

Mortgage Assurance Program

Timber Ridge Crossing

Brownstone Village

Colefax Hill

Turnberry Place

Renaissance Park

Eddington Place

Wakefield Glenn

Dutcher's Crossing

Stonewood Crossing

Stonewood Hills

Park Place

Boardwalk

Crossing at 86th St. N.

Crystal Creek

Millicent Pond

Boardwalk Villas

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Promotions

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*Promotion is based on full price contracts dated from 12/15/09 and must be closed on or before 3/31/10. Offer cannot be used in conjunction with any other promotion. Offer is only valid on select existing homes.$10,000 if using a PMC preferred lender. If not using a PMC preferred lender then $9,000 will be available. Offer is subject to change without notice. $8,000 Tax Credit for qualifying First Time Homebuyers or $6,500 Expanded Tax Credit for qualifying buyers. Call for details.

PMC Homes

PMC Homes will pay $1000 upon the successful closing of your referral!!!! You must register your referral online under the referral tab to be eligible for the $1000. For a limited time only.

Mortgage Assurance Program

Who is offering the Mortgage Assurance Program? PMC Corporation will provide Involuntary Unemployment Assistance (Job Loss Coverage) to eligible home buyers.Buyer must utilize PMC's preferred lender and closing company in order to qualify for the "Mortgage Assurance Program". The “Mortgage Assurance Program” will be administered upon settlement by PMC Corporation. What is the cost for the Mortgage Assurance Program? The cost is… absolutely free to PMC Homeowners who finance their PMC Home purchase through PMC-FMC. What payments are covered under the Mortgage Assurance Program? The plan may cover up to one-half of six monthly payments of principal, interest, real estate taxes, and homeowner's insurance when the borrower experiences a qualified job loss (such as a layoff, or lock-out) within 12 months after closing. The policy will cover 50% of the actual amount due to your lender each month up to $1,250/month (max. $7,500 over the 12 month plan term). If the total half payment is less than $1,250/month, the excess amount above the actual payment cannot be applied to additional coverage beyond the six months. The plan also covers monthly Private Mortgage Insurance (PMI) and/or flood insurance payments, but does not cover Homeowner's Association fees or other monthly costs. How is the coverage amount determined? For individual borrowers, 50% of your first mortgage payment may be covered up to $1,250/month. For multiple borrowers, the coverage will be based on the percentage of the unemployed borrower's gross income to the total gross household income at the time of job loss. For example, if two borrowers have a $2,500 payment and the borrower who earns 50% of the gross household income suffers a job loss, then the policy may cover one-half of the 50% of that $2,500 payment, or $625. If both borrowers experience a job loss, then the monthly coverage may apply to 100% of the half payment, not to exceed the maximum of $1,250/month. Is there a waiting period to qualify for coverage? Yes, there is a 90 day waiting period from the day of closing. For example, if you have a job loss within 90 days after the closing date, no benefits will be paid for the duration of that job loss occurrence. Payments will begin 30 days after a qualified job loss is reported in order to allow for processing of paperwork. Are there any restrictions or exclusions? Borrowers must have been continuously employed for wages or salary for 12 consecutive weeks prior to the effective date of job loss for a minimum 40 hours/week. Borrowers cannot have knowledge of any impending job loss as of the date of closing. This policy is not available to borrowers who are self employed, independent contractors, active military, work for a family member, or own greater than 10% in their employer's business. Borrowers need to be eligible to receive unemployment benefits and must file a claim in their state of residence. This program does not cover loss of employment due to voluntary resignation, willful misconduct, termination due to misconduct, normal seasonal shut-down, temporary employment, death, disability, extended illness, or hospitalization. The PMC Mortgage Assurance Program is not a loan. It is a paid assistance program that is a paid, one-time benefit during the first 12 months of homeownership. This offer is available through PMC Corporation to new PMC home buyers who purchase a primary residence or second home on or after 4/1/2009. Other exclusions may apply. This offer is subject to change or cancellation at any time without notice.

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