3/2/1 Buydown Program1
Features a reduced interest rate for the 1st 3 years and a fixed-rate2
loan after the 3rd year on
certain inventory homes paid by D.R. Horton! Must contract on or after 09/16/25 in select Alabama and close on or before 10/31/25.
Contact a D.R. Horton sales representative for more information and to confirm availability.
Special Program Cost - To receive this offer, borrower is REQUIRED to pay
a .500% discount point. Discount points may be paid with seller financing incentive offered to the borrower, which will be
represented on the Closing Disclosure as a seller’s cost. Maximum contribution limits will apply.
1.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 1
2.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 2
3.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 3 - 30
4.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 4 - 30
3.5% down payment required.
Based on FHA 30-Year fixed rate mortgage with a sales price of $324,086, a loan amount of $318,216, loan an upfront mortgage insurance premium of 1.75%, and
a monthly payment of $2,072. APR based on Note Rate above for Years 4-30. Total monthly payment includes principal, interest, estimated taxes, mortgage Insurance, homeowners insurance and HOA. Funds
for the temporary interest rate buydown will be offered as seller incentives as disclosed in the sales contract. Buyer will have the option of using said incentive to pay closing costs OR to fund the temporary
buydown cost of $13,044.63.
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