WHAT TYPES OF PROPERTIES ARE THERE IN LAGUNA WOODS?
Home selections range from beautiful single-family detached homes with two car garages, to one, two, or three bedroom townhouse or apartment style properties. Also available is hotel style living at the Rossmoor Towers, a luxurious resort-type facility featuring two dining rooms, maid and meal services. The Towers, however, is not an assisted medical living facility. There are two types of home ownership in Laguna Woods Village: 1. Coop ownership is evidenced by a stock certificate. These properties carry an original FHA 25-40 year loan, assumable, with an interest rate of 5.25%. Financing of seller’s equity is available. Many of the Coop properties have already paid off this loan. The remaining properties with FHA loans will be paid in full by 2010. Monthly payments for the association fees is upwards of $520.00. Added to this monthly HOA payment will be the principle and interest on the original FHA loan (if not paid off) and property taxes. The HOA fee includes building insurance, c
