1/0 BUYDOWN CONVENTIONAL 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 $2,472.80 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%.
On certain D.R. Horton homes that contract between 06/26/26 - 08/02/26 in select communities in North Carolina and
close on or before 09/30/26.
4.50% (5.973% APR)
Year 1 Interest rate
5.50% (5.973% APR)
Years 2 - 30 Interest rate
5% down payment required.
Based on a Conventional 30-year fixed-rate mortgage with a sales price of $354,990, a loan amount of $337,241, and a monthly payment of $2,509. APR
based on note rate above for years 2-30. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. 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 $2,472.80.
Special Program Cost - To receive this offer, borrower is REQUIRED to pay a 0.125% 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.
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