aurora square townhomes

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Frequently asked questions

Q: When will townhouses be available?
A: The North and West Buildings are completed.  East Building is at finish & occupancy stage.  Construction start of South (final) phase planned for summer 2010.
Q: What kind of financing is available?
A: Conventional financing and Alaska Housing financing are available through First National Bank of Alaska and Alaska USA Federal Credit Union (contact info--see next question).
Q: How can I find out if I qualify for a mortagage?
A: Contact Jean Lapp (777-5634) at First National Bank of Alaska or Scott Martin (261-3428) at Alaska USA Federal Credit Union to arrange for loan prequailfication.
Q: How do I reserve my townhouse?
A: Contact Marlene Bateman at (907) 345-8915 or (907) 764-8507 or Kathleen Poulin / Keller Williams Realty at 242-4223 or 865-6560 to reserve your unit with a purchase agreement and $10,000 earnest money deposit.
Q: If I buy a townhouse, what do I own?
A: Aurora Square townhomes are condominiums.  The ground is owned in common by the Aurora Square condominium association.  You will own the unit where you live.
Q: What are the monthly condo association dues?
A: Monthly dues are $230.  Dues cover exterior maintenance of your townhouse unit, fire & hazard insurance, grounds & landscaping maintenance, snow removal, and water & sewer utilities, & common areas utilities; association management fees, legal fees, accounting fees, audit, bank fees, & contingency and reserve contributions.