Limited Time: Special Rates as Low as 4.99%
1/31 Update: While we initially planned to end this incentive in February, we're now happy to announce we're extending it through March 7th. Here's to finding your new home in the new year!
Ready to make your move? For a limited time, close on your new home by 3/7/2023 and save hundreds on your monthly payment with a fixed interest rate as low as 4.99% (5.131% APR)!*
A little fuzzy on how interest rates work? Here's an example, based on a 30-year fixed rate conventional loan with 10% down and a 740 credit score.
Recently, we've seen market interest rates as high as 7% (7.247% APR). On a loan amount of $340,000, that's a monthly payment of $2,262 (before taxes and homeowners insurance).
With this promotional rate of 4.99% (5.229% APR), the payment drops down to $1,823 monthly (before taxes and homeowners insurance). That's ~$439 in monthly savings. And, since it's a fixed rate - you'll be saving that much every month for the life of the loan. Add that up, and you could save up to $158,294 in finance charges over the life of the loan just by financing through Davidson Homes Mortgage.
Here's how it breaks down at other price points:
|Interest Rate/APR||6.625% (6.844%)||4.99% (5.177%)||6.625% (6.831%)||4.99% (5.165%)||6.625% (6.823%)||4.99% (5.158%)|
Lock in your savings today, and give us a call at (877) 999-2009 to learn more about this exclusive offer! Plus, check out our newest listings in your area.
*4.99% is available on a first-come, first-served basis. Availability is limited. Available only on Davidson Homes located in GA, TN, NC, AL and TX and must use preferred lender, Davidson Homes Mortgage. Only available on new purchase contracts executed on or after 12/16/2022 and closing before 3/7/2023. Not eligible for promotion if customer has been under contract with Davidson Homes or cancelled in the previous 12 months. 4.99% is available on 30-year fixed rate conventional conforming loan – owner occupied, max loan amount $647,200. Not applicable on VA, FHA or USDA loans. 5.131% APR. 740 FICO, 90% LTV. Payment is based on a $340,000 loan amount. Rate is subject to Agency Loan Level Pricing Adjustments for FICO score and Loan to Value. APR and terms available calculated as of 11/3/2022 and are subject to change at any time. Loans that do not fall into the LTV or FICO range will require discount points paid by buyer. Please see Loan Officer for details. Cannot be combined with additional offers or incentives. Davidson Homes Mortgage. NMLS#1773914. Licensed in AL, GA, NC, TN, TX. Additional license information available at NMLS Consumer Access: www.nmlsconsumeraccess.org. Last amended on 1/12/23.