3/2/1 Buydown Program1
Features a reduced interest rate for the 1st 3 years and a fixed-rate2
loan after the 3rd year on certain
inventory homes paid by D.R. Horton! Must contract on or after 11/11/25 in in North Carolina and close on or before 01/30/26.
Contact a D.R. Horton sales representative for more information and to confirm availability.
Special Program Cost - To receive this offer, borrower is REQUIRED to pay a .500% 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.
Here's how it works!
1.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 1
2.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 2
3.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 3
4.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 4 - 30
3.5% down payment required.
Based on an FHA 30-year fixed-rate mortgage with a sales price of $349,990, a loan amount of $343,651, an upfront mortgage insurance premium of 1.75%, and
a monthly payment of $2,438. APR based on Note Rate above for Years 4-30. Total monthly payment includes principal, interest, estimated taxes, mortgage Insurance, homeowners insurance and HOA. Rate
also available for VA 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 $14,087.29.
Facebook LinkedIn Email