Long-Term Rate Lock With a Float-Down Bonus
June 11 - July 30, 2025
Lock in your limited-time below-market rate now and still get a better one if rates drop.*
Details:
Thinking about buying a home later this year? Here’s the smart way to save.
If you go under contract on your new home by June 30th and plan to close between September and December 31, 2025, you can lock in one of the following interest rates—so you don’t have to worry if rates go up later:
- FHA: 5.5% Rate** / 6.281% APR**
- VA: 5.5% Rate*** / 5.995% APR***
- Conventional: 5.875% Rate† / 6.1022% APR†
And here’s the best part: if rates go down before you close, you can still get the lower rate! This one-time option gives you the best of both worlds—protection if rates rise, and savings if they fall. It’s all about giving you more confidence and flexibility as you plan your move!
*Below-market rate as compared to the weekly Freddie Mac Primary Mortgage Market Survey.
**The interest rate of 5.50% is based on a 30-year fixed rate FHA loan with a sales price of $414,508 and a $400,000 loan amount. Financed amount is $407,000 which includes the FHA UFMIP of 1.75%. A 3.5% down payment and a minimum credit score of 640 is required. The ANNUAL PERCENTAGE RATE is 6.281%. Program is available on select homes only and applies to new contracts written between 5/23/2025 and 6/30/2025. Promotion does not apply to cancellations, re-writes, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. Buyer must occupy the property as their primary residence and meet all qualification requirements of the program. The buyer must make a loan application within 48 hours of contract signing and must close by December 31, 2025. If interest rate is lower 30 days prior to closing buyer has the option to float down to current market rate. Other financing programs may be available with as little as 5% down. The rate is subject to change without notice and is not guaranteed until locked with M/I Financial, LLC. Maximum allowable FHA county loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Funds are limited and program can be discontinued at any time and without notice. Restrictions do apply.
***The interest rate of 5.50% applies to a 30-year VA loan with a financed funding fee of 3.3% based on a $400,000 sales price and a $413,200 loan amount. The ANNUAL PERCENTAGE RATE is 5.995%. Program is available on select homes only and applies to new contracts written between 5/23/2025 and 6/30/2025. Promotion does not apply to cancellations, re-writes, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. Buyer must occupy the property as their primary residence and meet all qualification requirements of the program. The buyer must make a loan application within 48 hours of contract signing and must close by December 31, 2025. If interest rate is lower 30 days prior to closing, buyer has the option to float down to current market rate. Maximum allowable VA county loan limits apply. Other financing programs may be available with as little as 5% down. The rate is subject to change without notice and is not guaranteed until locked with M/I Financial, LLC. Financing is offered through M/I Financial, LLC (NMLS# 50684). Funds are limited and program can be discontinued at any time and without notice. Restrictions do apply.
†The interest rate of 5.875% is based on a 30-year fixed rate conventional loan. The sales price is $414,508 with a loan amount of $331,606. A 20% down payment and a minimum credit score of 720 is required. The ANNUAL PERCENTAGE RATE is 6.1022%. Program is available on select homes only and applies to new contracts written between 5/23/2025 and 6/30/2025. Promotion does not apply to cancellations, re-writes, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. Buyer must occupy the property as their primary residence and meet all qualification requirements of the program. The buyer must make a loan application within 48 hours of contract signing and must close by December 31, 2025. If interest rate is lower 30 days prior to closing buyer has the option to float down to current market rate. Other financing programs may be available with as little as 5% down. The rate is subject to change without notice and is not guaranteed until locked with M/I Financial, LLC. Conforming Conventional loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Funds are limited and program can be discontinued at any time and without notice. Restrictions do apply.
Have questions for us?
Ask about current properties or more details about this incentive, or call (239) 387-6066