The Linwood at Mineral Springs
Complete and ready for immediate occupancy. Three bedrooms and two and a half baths in Cumberland's newest neighborhood, with a $25,000 builder credit for ten days only.
Income-qualified home · Household income limit $181,720
Yours to direct. Put it toward the costs of closing, a lower interest rate, or the finishes you want. Ten days only, through October 24.
Prepaids
Escrows for taxes and insurance, and prepaid interest.
Closing Costs
Lender, title and recording fees at the table.
Rate Buydown
A lower rate for the first years, or for the life of the loan.
Select Upgrades
Chosen from the builder's list of available options.
Four Ways to Use $25,000
Illustrated on the list price with 10% down: a $455,310 loan, 30-year fixed, against an assumed market rate of 7.25%.
Arrive with less cash
less needed at closing. Your down payment stays the same; the rest of what you set aside stays in the bank for furnishing, moving and a cushion.
Lower the rate for good
If the credit buys the rate down about one point, to 6.25%, principal and interest fall from $3,106 to $2,803. Roughly $3,600 a year, every year.
Ease into ownership
saved in year one at 5.25%, then $303 a month in year two at 6.25%. Uses about $10,700 of the credit; the remaining $14,300 or so goes toward closing.
Finish it your way
Direct the credit to options from the builder's list. Useful when a lender limits how much can go toward closing costs. Ask us for the current list.
Estimated Monthly Payment
Before insurance and any mortgage insurance| At 7.25% | 2-1 Year One · 5.25% | Bought Down · 6.25% | |
|---|---|---|---|
| Principal and interest | $3,106 | $2,514 | $2,803 |
| Property taxes | $456 | $456 | $456 |
| HOA | $175 | $175 | $175 |
| Total | $3,737 | $3,145 | $3,434 |
The Home
The Linwood keeps daily life simple. An open kitchen, living and dining area anchors the first floor, with a mudroom where it should be. Upstairs, the primary suite joins two more bedrooms, a full bath and laundry on the same floor as the bedrooms.
- Open kitchen, living and dining
- Mudroom and first-floor half bath
- Primary suite plus two bedrooms
- Second-floor laundry
- Full daylight basement, unfinished, with room to grow
Mineral Springs
A planned neighborhood of 72 homes on 37 acres in West Cumberland, set between Sebago Lake and Casco Bay. The land is shared and meant to be used: trails through the woods, open green space and a pond at the center. Portland is about twenty minutes south.
Close to the Good Parts
Ponds and trails within minutes, apples in September, the fair every fall, and the city when you want it. Approximate drive times from Mineral Springs.
- [5] minCumberland FairgroundsHome of the Cumberland Fair, held every fall since 1868.
- [10] minGreely Schools · Cumberland CenterMSAD 51, the library, the Saturday farmers' market.
- [10] minSweetser's Apple BarrelAbout fifty varieties of apples and a seasonal farmstand.
- [12] minTwin Brook250 acres of trails, fields, disc golf and winter skiing.
- [15] minKnight's Pond PreserveSix miles of trail around a 46-acre pond. Skating when it freezes.
- [20] minPortlandThe Old Port, the waterfront, dinner out.
- [20] minPortland International JetportAway for the weekend without the long drive.
- [25] minSebago LakeSummer on the water, the other direction from the coast.
Lot 27 is one of the Phase I homes at Mineral Springs offered to income-qualified buyers: a rare chance to own new construction in Cumberland. We will walk you through eligibility before you fall for it.
See 12 Feldspar Lane
The home is finished. The credit ends October 24. We will help you decide where it does the most good.
Experience Matters.
Payment examples are illustrative only and are not a loan offer or commitment to lend. They assume the $505,900 list price, 10% down, a 30-year fixed loan and an assumed market rate of 7.25%; actual rates, buydown pricing and payments vary by lender, credit and market conditions. Figures exclude homeowners insurance and any mortgage insurance. Lender programs may cap seller contributions toward closing costs and prepaids; with less than 10% down on a conventional loan this is typically 3% of the price, and any unused balance may be directed to upgrades. Builder credit available October 15 through October 24, 2026, subject to a fully executed purchase and sale agreement and builder terms. Income-qualified home; Phase I household income limit $181,720. Income and eligibility requirements apply. Listing courtesy of Portside Real Estate Group. Equal Housing Opportunity. Information deemed reliable but not guaranteed.