3/2/1 Buydown Program1
Features a reduced interest rate for the first 3 years and fixed-rate2 loan after the 3rd year on certain inventory homes paid by D.R. Horton!
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 $14,495.98 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 5.500%. Available on certain D.R. Horton homes in the Ashton Park and Carriage Place Communities Only. Must contract on or after 10/20/2026 and close by 12/31/2026.
2.50% (6.339% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 1
3.50% (6.399% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 2
4.50% (6.399% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 3
5.50% (6.399% APR)
Fixed Rate FHA Mortgage
Interest rate For Years 4 - 30
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 $349,000, a loan amount of $342,679, an up-front mortgage insurance premium of 1.75%, and a monthly payment of $2,486. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. Rate also available for VA and USDA loan programs. 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 $14,495.98.
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