FALL INTO SAVINGS WITH LOWER RATES
October 5, 2023
Fall in Love with Lower Rates! Leaves are beginning to fall and so are our rates.
For Quick Move-In Homes closing no later than December 2023, lock in your rate as low as 4.99% for new contracts.*
For to-be-built homes closing in 2024, we’ll pay to reduce your interest rate to 2 percentage points below the market interest rate with our 2/1 Buydown Program.*
*Based on a $400,000 sales price, 3.5% down payment and resulting loan amount, minimum credit score of 780, owner-occupied, 30 year fixed rate FHA loan, other terms and conditions may apply. 4.99% rate is based on a seller-paid 2-1 buydown resulting in a note rate of 6.99% (APR 7.598 %) where the 2% of the interest payments have been prepaid in the first year and 1% of the interest payments have been prepaid in the second year. After the second year, the payments are level for the remainder of the term. 6.99% rate (APR 7.598%) is based on borrower paid points of 1.52%. This program and offer are available on select quick-move-in homes only. The seller’s contribution is limited to 3%-6% based on final LTV and 2:1 buydown. Borrower is responsible for any closing costs in excess of Seller contribution and must meet all down payment and mortgage insurance requirements. Advertised rate is for a limited time and can change at any time for contracts written October 1, 2023 and able to close no later than December 2023. Offer not available for renegotiations on existing contracts. Buyer must make a loan application no later than 48 hours of contract signing and must close by December 2023. See StyleCraft Sales Consultants for additional details. Prices and promotions are subject to change without notice. Restrictions apply.
- Financing is offered through Caliber Home Loans/NewRez CALIBER HOME LOANS, INC., NMLS #15622 1525 S Belt Line Rd. Coppell, TX 75019
- Financing is offered through Southern Trust Mortgage, NMLS #1021668 4198, Cox Road Suite 114
Glen Allen, VA 23060