3.875%
6.148%APR
7/6 Adjustable-Rate1 Conventional Mortgage
10% down payment required.1
Loan example shown is based on 10% down payment on a Conventional 30-Year adjustable-rate mortgage (ARM) with a sales price of $531,990, a loan amount of $478,791, and a monthly payment of $2,988. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. 1An 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 7 years and will adjust every 6 months thereafter. The first adjustment will have a 5% cap. Adjustments every 6 months thereafter will have a cap of 1% and a lifetime cap of 5% with a margin of 2.750%. The fully indexed rate of 7.053% 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%.
Available on certain D.R. Horton Townhomes in select communities in Minnesota.
Must contract on or after 06/16/25 and close by 08/29/25.
Contact us for more information
Financing offered by DHI Mortgage Company Limited Partnership (DHIM). Branch NMLS #237481. 20860 Kenbridge Court, Suite 140, Lakeville, MN 55044. 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. D.R. Horton 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. INTEREST RATE OFFERED APPLIES ONLY TO the D.R. Horton family of brand properties purchased as borrower’s principal residence. Not all borrowers will qualify for said rate. Rate is not applicable for all credit profiles and may require borrower to pay points to obtain the advertised rate. Restrictions apply. 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 the advertised rate. Equal Housing Opportunity. Photos are representational only. APR=Annual Percentage Rate. HOA = Home Owner’s Association.
REV: 06/13/25 | Expires on the close by date listed above.
Find us on Facebook
Facebook LinkedIn Email