Ashburn Village is a Planned Unit Development, or PUD. As such, the community was designed and built to provide a grouping of varied and compatible land uses, such as housing, recreation, commercial centers, and industrial parks, all within one contained development or subdivision.
Different housing types such as single-family homes, townhomes, and condominium homes are often mixed rather than separated as is done in a conventional community developments. Homes within a PUD often include access to a large shared open space surrounding the house as well as a smaller private yard. These open spaces, or Common Areas, are intended for use by all residents of the developement.
Frequently, when a homeowner chooses to purchase or refinance a home within a PUD, the mortgage lender, mortgage underwriter or other financial institution involved in the loan or refinancing process will want to better understand the design and management of the community. To do so, a Planned Unit Development Certification form and substaining documention will be requested.