FHA 5/1 ARM
3.875%
5.802%APR
- Lower initial interest rate fixed for the first 5 years
- Could mean lower monthly payments for the first 5 years
- The rate cap limits how high your interest rate can go
Loan example shown is based on 3.5% down payment with a sales price of $366,500, a loan amount of $359,862, and a monthly payment of $2,275. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. 1 An ARM is a mortgage where the interest rate changes periodically, which could cause the monthly payment to be higher or lower. Interest rate is fixed for the first 5 years and will adjust every year thereafter. The first adjustment will have a 1.000% cap. Adjustments every year thereafter will have a cap of 1.000% and a lifetime cap of 5.000% with a margin of 2.000%. The fully indexed rate of 5.700% combines the index and margin, and it determines the monthly payment amounts after the fixed-interest period during each adjustment period. Max interest rate can be 8.875%.
FHA FIXED
4.990%
5.843%APR
- Fixed rate that does not change
Loan example shown is based on 3.5% down payment with a sales price of $366,500, a loan amount of $359,862 and a monthly payment of $2,275. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA.
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Financing offered by DHI Mortgage Company, Ltd. Limited Partnership (DHIM). Branch NMLS #1952159. 1210 Premier Dr., Suite 115, Chattanooga, TN 37421. Company NMLS# 14622. DHIM is an affiliate of D.R. Horton. For more information about DHIM and its licensing please visit www.dhimortgage.com/affiliate. All terms and conditions subject to credit approval, market conditions and availability. Seller has locked-in, through DHIM, a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires. Not all borrowers will qualify. Restrictions apply. Interest rate offered applies only to the D.R. Horton family of brand properties purchased as borrowers principal residence. Rate is not applicable for all credit profiles and may require borrower to pay points to obtain the advertised rate. Additional closing costs will apply. May not be able to be combined with other available D.R. Horton offers or discounts. Please contact your Mortgage Loan Originator for complete eligibility requirements. Contact a D.R. Horton sales representative for more information and for a list of available homes. Property restrictions apply. Buyer is not required to finance through DHIM to purchase a home; however, buyer must use DHIM to receive advertised rate. Property eligibility requirements apply. Equal Housing Opportunity. APR = Annual Percentage Rate. HOA = Homeowners Association. FHA = Federal Housing Administration. REV: 04/23/26 | Expires on the close by date listed above.
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