2/1 BUYDOWN FHA MORTGAGE1
This is your opportunity to save with our special interest rate combined with a temporary buydown
Here's how it works! D.R. Horton will provide $7,618.32 in incentive funds to reduce the monthly payments for a
period of time. After the money to fund the buydown plan has been exhausted, buyer will be responsible
for the full monthly payments based off the full note rate of 5.5%.
3.50% (6.399% APR)
Year 1 Interest rate
4.50% (6.399% APR)
Year 2 Interest rate
5.50% (6.399% APR)
Year 3 - 30 Interest rate
Available on certain D.R. Horton homes in Georgia. Must contract on or after 10/09/26 and close by 11/30/26.
Special Program Cost - To receive this offer, borrower is REQUIRED to pay a 0.375% 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.
3.5% down payment required. Based on a FHA 30-year fixed-rate mortgage with a sales price of $359,510, a loan amount of $352,998, an up-front mortgage insurance premium of 1.75%, and a monthly payment of $2,652. APR based on note rate above for years 3-30. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. Rate also available for VA and USDA loan programs. Property eligibility requirements apply. 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 $7,618.32.
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