2/1 Buydown Program
Features a reduced interest rate for the 1st 2 years and a fixed-rate2 loan after the 2nd year on certain inventory homes paid by D.R. Horton! Must contract on or after 08/01/25 in select communities in Tennessee and close on or before 09/30/25.
Here's how it works!
2.99% (5.843% APR)
Fixed Rate Conventional Mortgage
Interest rate For Year 1
3.99% (5.843% APR)
Fixed Rate Conventional Mortgage
Interest rate For Year 2
4.99% (5.843% APR)
Fixed Rate Conventional Mortgage
Interest rate For Years 2 - 30
3.5% down payment required.
1 Based on an FHA 30-year fixed-rate mortgage with a sales price of $347,132, a loan amount of $340,845, an upfront mortgage insurance premium of 1.75%, and a monthly payment of $2,446. APR based on Note Rate above for Years 3-30. Total monthly payment includes principal, interest, estimated taxes, mortgage Insurance, homeowners insurance, and HOA. Rate also available for VA and USDA 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 $7,138.01.
All Closing cost paid on select new homes.
You pay $0 in closing costs with DHI Mortgage
For the purpose of this promotion, closing costs may include; orgination fee, origination charge, processing fee, appraisal fee, title search, title insurance, escrow/settlement fees, county recording fees, and documentation preparation fees. Closing costs DO NOT include such fees as; tax/insurance impounds, mortgage insurance or mortgage discount points, survey fees, homeowners' association fees/dues.
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