Waverly Estates
3 - 5 Bed| 2 - 3 Bath | 2 - 3 Garage
1 - 2 Story | From 1,253 Sq. Ft.
Community information
Mon 12:00 PM - 7:00 PM
Tue - Sat 10:00 AM - 7:00 PM
Sun 12:00 PM - 7:00 PM
New home. Low rate. No down payment.
Yes please!
Say yes to the new home you’ve been waiting for. Our DHI Mortgage Home Now1 program provides down payment assistance, which can now be combined with our special interest rate offer. That means lower monthly payments and less cash to close.
Special interest rate
5.75%
6.617%APR
0% down payment required when first lien mortgage is paired with DHI Mortgage’s Home Now Down Payment Assistance program used to cover the required down payment.1
No down payment
DHI Mortgage
Home Now program
- Down payment assistance in the form of a forgivable second mortgage in the amount of 3.5% of the lower of the purchase price or appraised value of the home
- Program offered on 30-year fixed-rate FHA mortgages
- Borrower must occupy home as primary residence
Available on certain D.R. Horton homes in select communities in Texas. Must contract on or after 09/08/25 and close by 11/26/252. Contact a D.R. Horton sales representative for more information and to confirm availability.
Contact us for more information
DHI Mortgage
4312 Miller Rd., Rowlett, TX 75088
214-607-4321
dhimortgage.com
D.R. Horton
New Homes. Now Ready.SM
Purchase select homes 11/3 - 11/16/2025 to qualify for a Move-In Package
Move-in package includes:
- Washer and Dryer
- 2-Inch PVC Blinds
- Base Level Fridge
- Garage Door Opener*
Promotion applies to Dallas South division communities only.
*If standard in community, you will not receive an additional garage door opener. (1) garage door opener per garage.
Main Street StarsSM
Thank you for your part in the American Dream.
We're including up to $1,000 toward your closing costs or design options with a new home purchase.
Main Street StarsSM is designed to help everyday heroes become homeowners. It’s just our way of saying thank you for supporting the community. Members of the military, law enforcement, firefighters, educators, and healthcare professionals can receive up to $1,000 toward closing costs or up to $1,000 toward design options on a select new home purchase in one of our Dallas North or Dallas South communities.
Limited time opportunity
Special Interest Rate
on certain D.R. Horton homes.
3.99%
4.709%APR
Fixed Rate FHA Mortgage1
3.5% down payment required.1
Based on a FHA 30-Year fixed rate mortgage with a sales price of $329,990, a loan amount of $324,012, up front mortgage insurance premium of 1.75%, and a monthly payment of $2,405.09. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. Rate also available for VA and USDA loan programs.
4.99%
5.481%APR
Fixed Rate Conventional Mortgage2
5% down payment required.2
Based on a Conventional 30-Year fixed rate mortgage with a sales price of $329,990, and a loan amount of $313,490, and a monthly payment of$2,448.08. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA.
To receive the Conventional interest rate, borrower is REQUIRED to pay a 2.000% Discount Point. This Discount point 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.
PLACEHOLDER
Contact us for more information
D.R. Horton
3.875%
5.802%APR
5/1 FHA ARM1
An FHA Loan May Be Right for You1
- If you have less-than-perfect credit
- If you have at least 3.5% available down payment
- If you have moderate debt
3.875%
5.401%APR
5/1 VA ARM2
A VA Loan May Be Right for You2
- If you’re a qualified veteran, active duty service member, or reservist
- If you need a 100% financing option3
- If you need flexible income, debt, and credit requirements
Benefits of an ARM Loan
- Lower initial interest rate fixed for the first 5 years
- Could mean lower monthly payments for the first 5 years
- The rate cap limits how high your interest rate can go
- A potential option if you anticipate life events, such as a career move or family changes
Our DHI Mortgage FHA and VA 5/1 Adjustable-Rate Mortgage (ARM) loan could be the moment you’ve been waiting for. With a special introductory interest rate, flexible down payment and credit requirements, it’s another way to make homeownership affordable.
1 Loan example shown is based on 3.5% down payment with a sales price of $329,024, a loan amount of $323,065, an upfront mortgage insurance premium of 1.75%, and a monthly payment of $2,454. 2 Loan example shown
is based on 0% down payment with a sales price of $329,024, a loan amount of $339,882, financed VA funding fee ≤2.15% for first time use on VA Loan, and a monthly payment of $2,388. Total monthly payment includes
principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. An 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 5 years and will adjust every year thereafter. The first adjustment will have a 1% cap. Adjustments every year thereafter will have a cap of 1% and a lifetime cap of 5% with a margin of 2%. The
fully indexed rate of 5.640% 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 homes in select communities in Dallas. Must contract on or after 10/13/25 and close by 12/31/25.
Contact us for more information
DHI Mortgage
4312 Miller Rd.
Rowlett, TX 75088
214-607-4321
dhimortgage.com
D.R. Horton
REV: 10/10/25 | Expires on the close by date listed above.
About our community
Find your new home at Waverly Estates! This new subdivision by D.R. Horton is nestled in the picturesque town of Josephine,Texas. Surrounded by lush landscapes and a small-town atmosphere, this community offers the perfect blend of natural beauty and modern convenience.
Located just a short drive from I-30, Waverly Estates provides easy access to schools, shopping centers, restaurants and a short drive to Royse City and Rockwall. Enjoy the convenience of nearby attractions while immersing yourself in the serene atmosphere of this picturesque community. Waverly Estates offers a wide range of amenities designed to enhance your lifestyle. Explore the community park, playground, swimming pool and walking trails, perfect for outdoor activities and relaxation.
When you choose D.R. Horton, you're not just buying a home; you're investing in quality craftsmanship and exceptional customer service. Benefit from our commitment to innovative homebuilding practices, stunning designs, and personalized attention. Experience the D.R. Horton difference and discover why we're a trusted name in the homebuilding industry.
Community amenities
- Fishing Pond
- Cabana
- Pool
- Pool House
- Playground
- Community features
Schools
Mildred Barrett Ellis Elementary School
Public
|
K-5
1.4 mi.
Leland Edge Middle School
Public
|
6-8
3.2 mi.
Community High School
Public
|
9-12
3.1 mi.
View this community’s lot map
Community information
Mon 12:00 PM - 7:00 PM
Tue - Sat 10:00 AM - 7:00 PM
Sun 12:00 PM - 7:00 PM
Available homes in this community (17)
Price: High - low
Price: Low - high
Sq. ft.: High - low
Sq. ft.: Low - high
$299,990
308 American Elm Drive
3 Bed | 2 Bath | 2 Garage
1 Story | 1,399 Sq. Ft. | Lot 16
$354,990
310 American Elm Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 2,314 Sq. Ft. | Lot 17
$327,990
312 American Elm Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 2,136 Sq. Ft. | Lot 18
$322,990
400 American Elm Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 2,089 Sq. Ft. | Lot 19
$334,990
402 American Elm Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 2,037 Sq. Ft. | Lot 20
$313,990
404 American Elm Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 1,872 Sq. Ft. | Lot 21
$319,235
406 Shady Bank Way
3 Bed | 2 Bath | 3 Garage
1 Story | 1,712 Sq. Ft. | Lot 31
$241,990
409 Silver Birch Drive
3 Bed | 2 Bath | 2 Garage
1 Story | 1,253 Sq. Ft. | Lot 8
$306,990
504 Gooseberry Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 1,801 Sq. Ft. | Lot 21
$316,990
505 English Oak Drive
4 Bed | 3 Bath | 2 Garage
2 Story | 2,454 Sq. Ft. | Lot 2
$284,625
505 Gooseberry Drive
3 Bed | 2 Bath | 2 Garage
1 Story | 1,253 Sq. Ft. | Lot 4
$289,990
506 Gooseberry Drive
3 Bed | 2 Bath | 2 Garage
1 Story | 1,404 Sq. Ft. | Lot 22
$309,990
507 Silver Birch Drive
4 Bed | 3 Bath | 2 Garage
2 Story | 2,299 Sq. Ft. | Lot 3
$296,990
508 Gooseberry Drive
4 Bed | 2 Bath | 2 Garage
1 Story | 1,655 Sq. Ft. | Lot 23
$292,490
509 Gooseberry Drive
5 Bed | 2 Bath | 2 Garage
1 Story | 1,938 Sq. Ft. | Lot 2
$307,490
510 Silver Birch Drive
4 Bed | 3 Bath | 2 Garage
1 Story | 2,034 Sq. Ft. | Lot 24
Floorplans in this community (16)
Price: High - low
Price: Low - high
Sq. ft.: High - low
Sq. ft.: Low - high
Nearby communities (6)
Price: High - low
Price: Low - high
Sq. ft.: High - low
Sq. ft.: Low - high
City: A - Z
Name: A - Z
New home. Low rate. No down payment.
Yes please!
Say yes to the new home you’ve been waiting for. Our DHI Mortgage Home Now1 program provides down payment assistance, which can now be combined with our special interest rate offer. That means lower monthly payments and less cash to close.
Special interest rate
5.75%
6.617%APR
0% down payment required when first lien mortgage is paired with DHI Mortgage’s Home Now Down Payment Assistance program used to cover the required down payment.1
No down payment
DHI Mortgage
Home Now program
- Down payment assistance in the form of a forgivable second mortgage in the amount of 3.5% of the lower of the purchase price or appraised value of the home
- Program offered on 30-year fixed-rate FHA mortgages
- Borrower must occupy home as primary residence
Available on certain D.R. Horton homes in select communities in Texas. Must contract on or after 09/08/25 and close by 11/26/252. Contact a D.R. Horton sales representative for more information and to confirm availability.
Contact us for more information
DHI Mortgage
4312 Miller Rd., Rowlett, TX 75088
214-607-4321
dhimortgage.com
D.R. Horton
New Homes. Now Ready.SM
Purchase select homes 11/3 - 11/16/2025 to qualify for a Move-In Package
Move-in package includes:
- Washer and Dryer
- 2-Inch PVC Blinds
- Base Level Fridge
- Garage Door Opener*
Promotion applies to Dallas South division communities only.
*If standard in community, you will not receive an additional garage door opener. (1) garage door opener per garage.Main Street StarsSM
Thank you for your part in the American Dream.
We're including up to $1,000 toward your closing costs or design options with a new home purchase.
Main Street StarsSM is designed to help everyday heroes become homeowners. It’s just our way of saying thank you for supporting the community. Members of the military, law enforcement, firefighters, educators, and healthcare professionals can receive up to $1,000 toward closing costs or up to $1,000 toward design options on a select new home purchase in one of our Dallas North or Dallas South communities.
Limited time opportunity
Special Interest Rate
on certain D.R. Horton homes.
3.99%
4.709%APR
Fixed Rate FHA Mortgage1
3.5% down payment required.1
Based on a FHA 30-Year fixed rate mortgage with a sales price of $329,990, a loan amount of $324,012, up front mortgage insurance premium of 1.75%, and a monthly payment of $2,405.09. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. Rate also available for VA and USDA loan programs.
4.99%
5.481%APR
Fixed Rate Conventional Mortgage2
5% down payment required.2
Based on a Conventional 30-Year fixed rate mortgage with a sales price of $329,990, and a loan amount of $313,490, and a monthly payment of$2,448.08. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA.
To receive the Conventional interest rate, borrower is REQUIRED to pay a 2.000% Discount Point. This Discount point 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.
PLACEHOLDER
Contact us for more information
D.R. Horton
3.875%
5.802%APR
5/1 FHA ARM1
An FHA Loan May Be Right for You1
- If you have less-than-perfect credit
- If you have at least 3.5% available down payment
- If you have moderate debt
3.875%
5.401%APR
5/1 VA ARM2
A VA Loan May Be Right for You2
- If you’re a qualified veteran, active duty service member, or reservist
- If you need a 100% financing option3
- If you need flexible income, debt, and credit requirements
Benefits of an ARM Loan
- Lower initial interest rate fixed for the first 5 years
- Could mean lower monthly payments for the first 5 years
- The rate cap limits how high your interest rate can go
- A potential option if you anticipate life events, such as a career move or family changes
Our DHI Mortgage FHA and VA 5/1 Adjustable-Rate Mortgage (ARM) loan could be the moment you’ve been waiting for. With a special introductory interest rate, flexible down payment and credit requirements, it’s another way to make homeownership affordable.
1 Loan example shown is based on 3.5% down payment with a sales price of $329,024, a loan amount of $323,065, an upfront mortgage insurance premium of 1.75%, and a monthly payment of $2,454. 2 Loan example shown
is based on 0% down payment with a sales price of $329,024, a loan amount of $339,882, financed VA funding fee ≤2.15% for first time use on VA Loan, and a monthly payment of $2,388. Total monthly payment includes
principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. An 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 5 years and will adjust every year thereafter. The first adjustment will have a 1% cap. Adjustments every year thereafter will have a cap of 1% and a lifetime cap of 5% with a margin of 2%. The
fully indexed rate of 5.640% 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 homes in select communities in Dallas. Must contract on or after 10/13/25 and close by 12/31/25.
Contact us for more information
DHI Mortgage
4312 Miller Rd.
Rowlett, TX 75088
214-607-4321
dhimortgage.com
D.R. Horton
REV: 10/10/25 | Expires on the close by date listed above.
Area Information
Josephine, TX
Welcome to Josephine, Texas. a small city located 39 miles northeast of downtown Dallas. Josephine may be quaint, but it is mighty with anticipated population growth as well as various housing and school developments expected within the coming years.
The city of Josephine is within Community ISD, the home of the Braves. In 2019, Community ISD received an ‘A’ rating from the Texas Education Agency, and in 2020, Community High School was named "Best High School" by US News© and World Report©.
Josephine is home to Josephine City Park with playgrounds, gazebos, and plenty of green space to enjoy the outdoors with your family. The city is also near three lakes! Enjoy lake life at Lavon Lake (about eight miles away), Lake Ray Hubbard (about 12 miles away), and Lake Tawakoni (about 23 miles away).
Discover the up-and-coming community of beautiful Josephine. Connect with our Online Sales Concierges to learn more about our attractive and competitive pricing in this desirable area.
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