2/1 Buydown Program1
Features a reduced interest rate for the 1st 2 years and fixed-rate2 loan after the 2nd year on certain inventory homes paid by D.R. Horton! Must contract on or after 04/02/25 in select communities in Florida and close on or before 06/30/25.
Special Program Cost
To receive this offer, borrower is REQUIRED to pay a 0.500% 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!
2.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 1
3.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 2
4.99% (5.891% APR)
Fixed Rate FHA Mortgage
Interest rate For Year 3 - 30
3.5% down payment required.
Based on an FHA 30-Year fixed rate mortgage with a sales price of $359,990, a loan amount of $353,470, up front mortgage insurance premium of 1.75%, and a monthly payment of $2,781. Total monthly payment includes principal, interest, estimated taxes, mortgage insurance, homeowners insurance and HOA. Rate also available for VA and USDA loan programs. Funds for the temporary interest rate buydown used in this loan example will be offered as seller incentives up to $10,000 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 $7,402.40.
Contact us for more information
Financing offered by DHI Mortgage Company, Ltd. (DHIM). Branch NMLS #257708. 10192 Dowden Rd., Suite 150, Orlando, FL 32832. Company NMLS #14622. DHIM is an affiliate of D.R. Horton. For more information about DHIM and its licensing please visit www.dhimortgage.com/affiliate/. All terms and conditions subject to credit approval, market conditions and availability. D.R. Horton has locked-in, through DHIM, a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires. INTEREST RATE OFFERED APPLIES ONLY TO the D.R. Horton family of brand properties purchased as borrower’s principal residence. Rate is not applicable for all credit profiles and may require borrower to pay points to obtain the advertised rate. Restrictions apply. Buyer is not required to finance through DHIM to purchase a home; however, buyer must use DHIM to receive the advertised rate. Please contact your Mortgage Loan Originator for complete eligibility requirements. Contact a D.R. Horton sales representative for more information and for a list of available homes. Property restrictions apply. Equal Housing Opportunity. APR=Annual Percentage Rate. HOA = Home Owner’s Association. FHA = Federal Housing Administration. USDA = U.S. Department of Agriculture. VA = U.S. Department of Veterans Affairs.
EXP: 06/30/25
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