© 2024 Davidson Homes, Inc.| All Rights Reserved | Davidson Homes is a leading builder of quality new homes in Alabama, Georgia, North Carolina and Tennessee. Davidson Homes reserves the right to adjust items listed without prior notice or obligation. Such items may include, but are not limited to, options, included features and community information, pricing, amenities, terms or availability. Features, options, floor plans, elevations, colors, sizes and photographs are for illustration purposes and will vary from homes built. Please see your community specialist for details.
Davidson Homes Mortgage. NMLS#1773914. Licensed in AL, GA, NC, TN, TX. Additional license information available at NMLS Consumer Access: www.nmlsconsumeraccess.org.
*For example, on an FHA 30-year loan, with a sales price of $450,000, loan amount of $441,849, a 3.5% down payment, closing fees of $12,000, a 680 FICO score, with a note rate of 5.75% (6.541% APR), the monthly buydown principal, interest, and mortgage insurance payments are as follows: Year 1 – payment of $2,244.14 calculated at 3.75%; Year 2 – payment of $2,502.76 calculated at 4.75%; Year 3-30 – payment of $2,776.38 calculated at 5.75% for the life of the loan. Example payments do not include taxes, hazard insurance, or HOA dues. An escrow account is created that the seller deposited money in to “buydown” the difference in the subsidized monthly payment amount and the note rate. Available on Davidson Homes financed by Davidson Homes Mortgage with purchase contracts signed by 5/13/2024 and must close by 6/7/2024. This offer is available for a limited time on select properties and can be discontinued at any time without prior notice. The buydown option is not available for all loan programs or all loan amounts. Available for Davidson Homes qualified home buyers. Example terms available as of 4/25/2024. ©2024 Heritage Mortgage, LLC dba Davidson Homes Mortgage, 9668 Madison Blvd, Suite 203, Madison, AL 35758. NMLS# 1773914. Equal Housing Lender.
**For example, on an conventional 30-year loan, with a sales price of $600,000, loan amount of $540,000, a 10% down payment, closing fees of $12,000, a 760 FICO score, with a note rate of 6.75% (7.045% APR), the monthly buydown principal, interest, and mortgage insurance payments are as follows: Year 1 – payment of $2,911.40 calculated at 4.75%; Year 2 – payment of $3,245.79 calculated at 5.75%; Year 3-30 – payment of $3,596.93 calculated at 6.75% for the life of the loan. Example payments do not include taxes, hazard insurance, or HOA dues. An escrow account is created that the seller deposited money in to “buydown” the difference in the subsidized monthly payment amount and the note rate. Available on Davidson Homes financed by Davidson Homes Mortgage with purchase contracts signed by 5/13/2024 and must close by 6/7/2024. This offer is available for a limited time on select properties and can be discontinued at any time without prior notice. The buydown option is not available for all loan programs or all loan amounts. Available for Davidson Homes qualified home buyers. Example terms available as of 4/25/2024. ©2024 Heritage Mortgage, LLC dba Davidson Homes Mortgage, 9668 Madison Blvd, Suite 203, Madison, AL 35758. NMLS# 1773914. Equal Housing Lender.
