Contemporary, Convenient and Connected
Circle 118's unique price guarantee, coupled with our special pre-construction financing incentives gives you the financial advantage!
Financial Incentives
Take advantage of this incredible financing offer through our preferred lender, KeyBank (all programs include a 15-year tax abatement):
Ask us about our special 3.99% Financing!
ONLY ONE HOME LEFT IN PHASE I!
- Call or stop in today to ask about the $20,000 incentive package available for this home!
KEY COMMUNITY MORTGAGE PROGRAM
- 100% LTV for borrowers with a credit score of 620 or higher, OR 97% LTV for borrowers with a credit score of 600 or higher
- No Private Mortgage Insurance (PMI) required
- 0% down
- No income limitations
- Conventional fixed rates
- Interest rates comparable to FNM
- May be used with grant money (ask us about this!)
0% DOWN, NO PRIVATE MORTAGE INSURANCE (PMI)
- You do not need one month's mortgage payment or cash reserves in your savings account when closing
- Provides expanded debt-to-income ratios
- You may use up to 33 percent of your gross monthly income for housing expenses each month (instead of the standard 28 percent) and 38 percent for your total monthly debt expenses (instead of standard 36 percent)
Location, Location, Location.
It's all about location at Circle 118. When you're living steps away from both University Circle and Little Italy, you're in the heart of it all. There's plenty to explore when you're within walkable reach of The Cleveland Museum of Art, The Cleveland Clinic, University Hospital Case Medical Center, Severance Hall and Wade Oval. And let's not forget the cuisine, culture, galleries and boutiques that await you and your guests in Little Italy.
Do you want to walk a few laps before you get your day started or after dinner? Case Western Reserve University's state-of-the-art track is just a walk down the block. And, if you need a total change of scenery, step out your door and hop on the newly completed RTA HealthLine… and downtown Cleveland is just minutes away.
Circle 118 Price Guarantee
Confident in the market appreciation at Circle 118, University Circle's role as the premier growth engine of our region, and value of WXZ's green building investments, WXZ Residential is offering Circle 118 home buyers a unique Price Guarantee that ensures that the value of their investment will be at least equal to the original sales price if they choose ~ or need ~ to sell their home for up to one year after closing. If, for some reason, the homeowner can not sell the property for the original price after six months after listing it with Progressive Urban Real Estate, WXZ Residential will buy it back at the original sales price.
You can benefit from the community's commitment to Circle 118! Pre-construction pricing starts in the low $300,000's and Key Bank is offering a reduced rate mortgage product that will save owners 1.0% interest on a 30-year loan with no points. Every resident enjoys 15 year 100% tax abatement which allows you to save over $100,000 in real estate taxes.
In addition, full time employees at many University Circle institutions are eligible to receive up to $15,000 in forgivable loans through the Greater Circle Living initiative. For complete program rules, contact gpetrolla@universitycircle.org.
