2/1 Buydown Program1
On certain D.R. Horton homes that contract on or after 07/10/26 in select communities in Texas and close on or before 09/30/26.
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 $6,497.01 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 4.99%.
Special Program Cost - 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.
Here's how it works!
2.99% (5.879% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 1
3.99% (5.879% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 2
4.99% (5.879% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 3 - 30
3.5% down payment required.
Based on a FHA 30-year fixed-rate mortgage with a sales price of $315,960, a loan amount of $310,237, an up-front mortgage insurance premium of 1.75%, and a monthly payment of $2,435. 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 $6,497.01.
Contact us for more information
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