for qualified buyers on spec homes that will close by 10/31/24
Payment example: Stated rate may change or may not be available at time of rate lock. If you bought a $310,000 home with a 30 year loan at a fixed rate of 4.750% (5.538% Annual Percentage Rate), with a down payment of 3.5%, for a loan amount of $304,385 on a 2/1 Temporary Buydown you would make 12 monthly payments of $1,221(2.75%), 12 monthly payments of $1,385 (3.75%), & 336 monthly payments of $1,561 (4.75%). Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.
