I have owned a vacation home in Saw Creek Estates for 5 years. I was concerned before purchasing having heard PA communities like Saw Creek can be a bad investment. However, our family feels this purchase was one of the best decisions we ever made. The board is strong but they are a dedicated group of educated people with strategic long range plans to continuously ensure Saw Creek remains one of the highest rated communities in the Poconos. Each year they invest time and money into updating common areas. There is always a great surplus in their budget which shows great management.
Residents are always updating their homes and it certainly isn't run down in any way.
I do love the deer and the last thing I would want is for them to be killed, however, there are too many and because people feed them they have become accustomed to getting very close to people. Last year several deer started surrounding my car and although it was amusing it was quite scary when they wouldn't leave and it wanted to back out. That said, I think something needed to be done about their overpopulation.
Finally, no one has mentioned "the falls" The falls, another community located within Saw Creek rents land from Saw Creek. They are all condos which are significantly lower in price than the detached homes of Saw Creek. They attract many renters with no pride of ownership, however, I never head loud music or see anything of concern. Residents of The Falls have their own pool and are not permitted to use Saw Creeks's many amenities so if you're not buying there, I wouldn't hesitate to take the plunge.
It's a beautiful community with a strong team of individuals managing it. I love it and hope to make it more than my vacation home in the future.... more
in Saw Creek Estates, we've had a number of burglaries, but it was determined to be teenagers who were breaking into homes that were empty (owners were vacationing, home is vacation or rental). One of the teenagers was turned over to State Police by their parents. I have not heard of any robberies or burglaries by "professional" theives.... more
The first thing that need to do is speak with a mortgage broker. There are several factors involved in qualifying which include your income to debt ratios, your credit score, etc. A mortgage broker will be the best person to talk to about different types if mortgage programs available to you. If you are a first time home buyer (or have not owned a home in 3 or more years) you may qualify for FHA or Rural Housing and if you have owned a home in the past 3 years conventional may be the way to go.
I am currently working with a buyer who recently retired and is on SSI he qualifies for an FHA loan program, which only requires 3.5% down and his children are gifting him the entire 3.5% down, so it certainly is possible.
If you would like a list of local lender you could speak with I would be happy to give you several names and numbers. It costs nothing to get pre-qualified and generally only takes a few minutes of your time.
Cheryl J. McDonald
Fitzgerald GMAC Real Estate
Stroudsburg, PA 18360... more