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South of US Hwy. 72 & East of Redstone Arsenal

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Southeast Madison County Huntsville | Hampton Cove (Area - South of US Hwy 72 & East of Redstone Arsenal) Subdivision

Homes Price Range

Ashtynn Manor Carriage Park Carrington Hampton Village Magnolia Park McMullen Cove Oak Bluff Park Hampton Southgate The Arbors

$160,000’s - $200,000’s $120,000’s - $200,000’s $140,000’s - $180,000’s from the $170’s $160,000’s - $200,000’s $300,000’s - $1,000,000+ lots from $54,900 from the $220’s from the $220’s from the $250’s

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2013 Official Subdivision Guide Map Southeast Madison County Huntsville | Hampton Cove (Area - South of US Hwy 72 & East of Redstone Arsenal)

IntroducIng our

Designer & Renaissance c o l l e c t I o n s

Come see our All New, exciting home designs by award-winning BSB Architects.

Call or Click Today! or 256.319.4343

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Hunter New Home Communities makes no representation the plan you select will be a certain square footage upon completion. Square footage is based on architectural design, area and dimensions may vary by actual construction. Plans and specifications may change without notice at any time. Every plan may not be available in every community, or fit on every homesite. All homes are subject to prior sale.

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Celebrating our 20th Year in the New Home Construction Business

17 Homesites Now Available!

Presale and Inventory Homes Available Home Price Includes Lot Schools:

Location: CITY OF HUNTSVILLE Home prices from $160’s-$200’s Minimum dwelling size: 1500 SF Directions: I-565 to South Memorial Parkway, approximately 8 miles, right on Hobbs Road, through intersection of Bell Road, turn left into neighborhood on Oxmoor Boulevard and follow signs to model.

Farley Elementary Challenger Middle School Grissom High School

Information | Amenities:

Just outside Redstone Gate 3, with mountain views to the east, Adams built this popular neighborhood with you in mind, offering full brick, one and two level, Craftsman and Traditional homes, Energy Star rated, 1500-3900 sf, artfully designed and featuring modern amenities like master retreats, recessed lighting, ceramic tile and so much more. Enjoy a family picnic, boating or fishing on the Tennessee River just 2 miles south. Award winning schools and convenient location with restrictive covenants, curbs, gutters, sidewalks and underground utilities. Have you seen an Adams Home lately? Visit our furnished model home open 7 days.

Developer: Adams Homes, LLC Contact Information:

Adams Homes 8498 Madison Blvd., Suite A Madison, AL 35758 Model: (256) 880-7463 Email:


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Celebrating our 20th Year in the New Home Construction Business

40 Homesites Now Available!

Presale and Inventory Homes Available Home Price Includes Lot Schools:

Location: OWENS CROSS ROADS NEW HOPE Home priced from $120’s - $200’s Minimum dwelling size: 1300 SF

Owens Cross Roads Elementary New Hope Middle School New Hope High School

Directions: From I-565 East, exit Hwy 231/431 South

Information | Amenities:

Developer: Adams Homes, LLC

(Governor’s Drive) 5 miles past Hampton Cove, left on Hamer Road, 1/2 Mile, neighborhood is on right.

Country charm with conveniences of the city. Just minutes to downtown Huntsville, Hampton Cove and other popular areas, Adams features full brick, one and two level homes, 13003000 sf, Energy Star rated and Radon ready. A short scenic drive to Lake Guntersville, makes this opportunity hard to beat. Restrictive covenants, underground utilities. Special financing with USDA Rural Development. Visit our furnished model home open 7 days.

Contact Information:

Adams Homes 8498 Madison Blvd., Suite A Madison, AL 35758 Model: (256) 725-7614 Email:


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Celebrating our 20th Year in the New Home Construction Business

14 Homesites Now Available!

Presale and Inventory Homes Available Home Price Includes Lot Schools:

Location: OWENS CROSSROADS Home prices from $140’s-$180’s Minimum dwelling size: 1300 SF Directions: From I-565, Hwy 231/431 South (Governor’s Drive), go east, past Sutton Road, turn right at Taylor Lane and left on Taylor Road, turn right into neighborhood on Carrington Boulevard.

Hampton Cove Elementary Hampton Cove Middle Huntsville High School

Developer: Adams Homes, LLC

Information | Amenities:

Just a few minutes from downtown Huntsville, in the Hampton Cove area, Adams Homes features full brick one and two level homes, Energy Star rated, and featuring all the amenities homeowners want like recessed lighting, smooth ceilings, ceramic tile, master retreats and more. Restrictive covenants, curbs, gutters, underground utilities and sidewalks. Visit our furnished model home open 7 days.

Contact Information:

Adams Homes 8498 Madison Blvd., Suite A Madison, AL 35758 Model: (256) 551-0960 Email:


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IN A T N ots U O M ff L u N l E B GREAcre+ 1

A master planned residential community Lots start at only $54,900 Only 9 lots available in Phase I Minimum dwelling size of 2400-3200 SF Prime building lots for your Custom Home Use your plans and homebuilder or one of ours Bluff and wooded lots from 0.7 - 1.2 acres Location: SE Huntsville - atop Green Mountain Schools: Mountain Gap Elementary Mountain Gap Middle Grissom High School Information | Amenities: Large, heavily wooded bluff lots with views of the surrounding mountains and the Tennessee River. Underground utilities, curb & gutter, sidewalks, and nature trails. Community includes over 30 acres of permanent greenspace and common park areas, and backs up to a Land Trust preserve. Under 15 minutes to Redstone Arsenal, Jones Valley shopping, and Crestwood Medical Center.

Contact: Paula Byrd @ Huntsville Real Estate Professionals: 256.679.5032 Blake Cantrell @ Exit Realty of The Valley: 256.527.8468 Directions: From Bailey Cove Road turn left on Green Mountain Road (at the flashing yellow light). Follow Green Mountain to the top then turn right on South Shawdee Road. Take South Shawdee south for approximately 1/2 mile, then turn right on South Village Square. Follow South Village Square about 1.5 miles, then turn right on Monte Vedra Road. Take Monte Vedra for 1.2 miles and then turn left into Oak Bluff on South Bluff Trail. More information at:


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Courtyard Homes • Cottages

Neighborhood Amenities

Clubhouse with Fitness Center Pool • Playground • Sand Volleyball HT-00313504-01

LOTS AND HOMES AVAILABLE NOW! Location: City of Huntsville Directions: East on Governors Drive, One mile south of Eastern Bypass/HWY 431 intersection. Right on Taylor, Left into Southgate. HOMES: Price range of homes: From the $220’s New homes available date: Now Minimum dwelling size: 1,800 sq. ft. LOTS: Number of lots available: Pre-Sales Availability date: Now Price range of lots: $48,000 - $58,000 Restrictive covenants: Underground utilities: Sidewalks: Curbs & Gutters:

Yes Yes Yes Yes

Schools: • Goldsmith Schiffman Elementary • Hampton Cove Middle • Huntsville High Other information: This unique community offers a saltwater pool, clubhouse with fitness center, volleyball court, nature trails & playground. Southgate is only 1.2 miles from a Robert Trent Jones Golf Course, 12 minutes from Huntsville Hospital/downtown, and just 20 minutes to Lake Guntersville. For more information Contact: Rhonda Pugh Company: RE/MAX Alliance Address: 507 Drake Avenue Ste A Huntsville, AL 35801 Telephone: 256.468.0888 Email:

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A mortgage is a long-term loan that uses real estate as collateral. A mortgage loan is commonly used for buying a home. Mortgage loans are usually fully-amortizing, which means that the monthly principal and interest payment will pay off the loan in the number of payments stipulated on the note. Mortgage loans are also described by the length of time for repayment, such as 15, 30 or 40 years, and whether the interest rate is fixed or adjustable. A mortgage loan where the down payment is less than 20% usually requires private mortgage insurance (PMI) or government insurance or guarantee. Most mortgage loans require monthly payments of principal and interest plus additional payments that are set-aside in escrow accounts to pay property taxes, homeowners (hazard) insurance, and any condominium or homeowner association assessments. Monthly mortgage insurance premiums for loans that have private or government mortgage insurance are generally included as part of the regular monthly principal and interest payment. Although it is rare in these days of tight credit markets, some lenders may still offer “nontraditional” mortgage loans such as interest-only loans, in which case the borrower pays only the accrued interest and none of the payment is used to reduce the principal balance, or loans where the borrower chooses each month whether to make a minimum payment, pay the accrued interest only, or pay the accrued interest and a portion of the principal. Homebuyers who opt for a nontraditional mortgage should be aware that, depending on the terms of the loan, sudden and significant changes can occur in the monthly payment due to changes in the interest rate and/or payment terms. It is the homebuyer’s obligation to fully understand the terms of their loan. Homebuyers who can afford the higher monthly payment sometimes prefer a 15-year mortgage to a 30-year

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mortgage. Interest rates on 15-year mortgages usually are slightly lower than 30-year rates. In addition, a homebuyer financing a home purchase with a 15-year mortgage will repay principal substantially faster and will pay far less total interest over the term of the loan.

Conventional Mortgages A conventional mortgage is one that is not insured or guaranteed by the government. Conventional loans with a down payment of less than 20% require private mortgage insurance (PMI), which protects the lender if the homeowner defaults on the loan.

FHA-Insured Loans The Federal Housing Administration (FHA), which is a part of the US Department of Housing & Urban Development (HUD), operates several low-down payment mortgage insurance programs that buyers can use to purchase a home. FHA-insured loans generally require the buyer to make a 3.5 percent cash contribution to the down payment, not including closing costs. FHA-insured loans are available from most of the same lenders who offer conventional loans. Your lender can provide details about FHA-insured mortgages and the maximum loan amount in your area, or find information on FHA’s loan limits directly from HUD’s Web site.

VA-Guaranteed Loans If you are a veteran of military service, reservist, or on active military duty, you may be able to obtain a loan guaranteed by the Department of Veterans Affairs (VA), which requires little or no down payment. Get more information about the VA Loan Guaranty program.

loan. The “blended” interest rate on the resulting loan is lower than the current market rate as a result of the combination of the rates on the two loans. The Section 502 Guaranteed Rural Housing Loans are arranged through participating local lenders and are available to a broader range of borrowers. Find out more about RHS loan programs.

State Housing Finance Agency Loans State Housing Finance Agencies (HFA) provide loans to first-time homebuyers and veterans of military service who have not previously received a loan through an HFA, often at below-market interest rates. Program availability and eligibility requirements vary from state to state. You should check with your state HFA for programs that are currently available. Find a link to your state’s HFA from the National Council of State Housing Agencies’ Web site.

Adjustable Rate Mortgages (ARMs) With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. But with an ARM, the interest rate changes periodically, usually in relation to a specific index such as a cost of funds rate or the Treasury bill rate. Payments may go up or down accordingly. Adjustable-rate mortgages (ARMs) are characterized by the time frame for adjustment, such as 1 year, or 3, 5, 7, or 10 years. Hybrid ARMs have grown in popularity because they may offer a favorable fixed rate of interest for a time, such as 3, 5, 7, or 10 years, after which the loan becomes a 1-year ARM.

The Rural Housing Service (RHS), which is a part of the US Department of Agriculture, offers Section 502 Direct and Guaranteed Rural Housing loans to homebuyers located in rural areas. Section 502 Direct loans offer reduced interest rates to lower-income borrowers who qualify, and are arranged directly through local USDA County Agents or through USDA Rural Development state offices.

Lenders generally charge lower initial interest rates for ARMs and Hybrid ARMs than for fixed-rate mortgages. This makes the ARM easier on your pocketbook at first than a fixed-rate mortgage for the same amount. It also means that you might qualify for a larger loan because lenders sometimes make this decision on the basis of your current income and the anticipated monthly payments for the few year or two. Moreover, if interest rates remain steady or move lower, your ARM could be less expensive over a long period than a fixed-rate mortgage.

A limited amount of funding is available for Section 502 Direct loans, so some lenders also offer “Leveraged Loan” programs. Leveraged loans combine a Section 502 Direct loan that carries a low interest rate with a conventional, market-rate

Against these advantages, you have to weigh the risk that an increase in interest rates would lead to higher monthly payments in the future. It’s a trade-off: you get a lower rate with an ARM in exchange for assuming more risk.v

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Insuring Your Home

When you bought your home, you took out an insurance policy to cover the house and all of your family’s belongings inside. But was that the last time you thought about your insurance coverage? Homeowners insurance includes insurance on the actual structure and the contents inside.

The structural part of the package generally covers damage such as fire and smoke, lightning, wind and hail storms, vehicles, explosion, and aircraft or other falling objects. The package should also include coverage for theft, vandalism, riot or civil commotion, freezing or sudden water escape from the plumbing system or appliances, glass breakage, About and sudden tearing of heating or cooling systems. A comprehensive home owner’s policy should cover your home, any structure attached to it such as a porch or garage and any unattached buildings on your property that are not used for business or rented to others. Damage caused by flooding, earthquakes and hurricanes are not covered by your regular homeowner’s policy. Your insurance agent can provide you with information about coverage of these natural disasters.

changes are based on the movement of an inflation index and are reflected in the premium on each renewal.

But how do you know if you have too little or too much insurance? Start with a home inventory to help you assess your insurance needs. First you need to know how much it would cost to rebuild your house today on your existing lot. Ask your builder what the market rate is per square foot to rebuild your house. Multiply that times the square footage of your house and that’s how much insurance coverage you should have. The amount of your personal property coverage is a percentage of that amount (normally 55% and can one out be upgraded to 75%).

of every three homeowners has proper insurance coverage. Take some time today to make sure you are one of them.

The personal property portion of the insurance package protects things in your home like clothes and furniture. It should also provide protection for your personal property while you are away from home, the things you take with you on vacation. The amount of insurance on your personal property is equal to a percentage of the amount of insurance on your home (usually 55%). However, it is important that you know that special limits may apply to certain types of personal property. For example, money bank note and rare coins, securities, stamp collections, jewelry and furs, firearms, silverware/goldware, rugs, tapestries and wall hangings. Higher limits on most of these items are available through upgrades on the policy or by taking out a separate policy for the items. Check to see that your policy is written for replacement costs and you may want to consider inflation coverage. Replacement cost coverage on your personal property means that the insurance will pay to repair or replace your personal property that is covered. For example, if you bought an item several years ago for $100 and to replace it today would cost you $200, the insurance would pay $200. Inflation coverage automatically increases the amount of your insurance coverage on your home and personal property as inflation changes the cost of replacing your property. The

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For your belongings inventory, list every item in your home, attic and garage, when you bought it, its original cost and its estimated value. It also helps to have photographs or a videotape of your possessions. Have a couple of sets of the photos or videos made. Keep one copy in a fireproof safe at home or a safety deposit box. Marking your items with a personal identification number such as the last four digits of your social security number (don’t put your full number as that will make you venerable to identity theft) will make reclaiming any stolen items easier.

If you ever need to file a claim, the inventory will make it easier and ensure that you are compensated for virtually everything. If it’s not on your list when you file a claim, you won’t be compensated for something that you’ve paid for years to insure. Check with your insurance agent or company for a home inventory guide or advice on how to best organize your list if you should ever need to file a claim with them.

A home owner’s policy will also include “personal liability” coverage. That is, the insurance provides payments for bodily injury or property damage for which you or a relative who lives with you may be legally responsible. For example, if someone is accidentally injured on your premises, such as falling down stairs and breaking a leg, or if your ladder falls over on your neighbors car and damages it. Personal liability also includes medical payments to others, meaning that if someone is accidentally injured on your property or is accidentally injured by you or a relative who lives with you, the insurance will cover medical expenses to a certain limit. In case of a legal matter, your personal liability coverage includes the cost of defending you, whether you are liable or not, against an insured or covered law suits. v

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