Hot Summer Rate: 3.875%** FHA Rate / 5.6272%** APR First-Year Rate 1/0 Buydown
June 16 - 30, 2025
Cool off this summer with our limited-time 1/0 buydown with first-year rates as low as 3.875** / 5.6272 APR** on a 30-year FHA loan offered through M/I Financial, LLC. Plus, enjoy paid closing costs on select Quick Move-In homes.
More Details
The temperature is heating up, but our rates are staying cool.
Now is the time to take advantage of our below-market rate and limited-time paid closing costs on select Quick Move-In homes available now across Metro Detroit.***
Quick Move-In homes closing by August 31st are eligible for:
- Up to $7,500 in paid closing costs for select Quick Move-In homes by using M/I Financial, LLC*
- Plus, take advantage of our hot summer 1/0 rate buydown on a 30-year fixed-rate FHA loan or a 30-year fixed-rate conventional loan on select homes closing in August
- 1/0 rate buydown on a 30-year fixed-rate FHA loan on select Quick Move-In homes:**
- Year 1: 3.875% Rate / 5.6272% APR
- Years 2-30: 4.875% / 5.6272% APR
Or
- 1/0 rate buydown on a 30-year fixed-rate conventional loan on select Quick Move-In homes:***
- Year 1: 4.875% Rate / 6.1022% APR
- Years 2-30: 5.875% / 6.1022% APR
- 1/0 rate buydown on a 30-year fixed-rate FHA loan on select Quick Move-In homes:**
Quick Move-In homes closing by September 30th are eligible for:
- Up to $5,000 in paid closing costs for select Quick Move-In homes by using M/I Financial, LLC*
Contact us today to schedule your tour and take advantage of these limited-time incentives now before it's too late.
*Up to $7,500 in paid closing costs available on select Quick Move-In homes in Metro Detroit closing by August 31st, 2025. Up to $5,000 in paid closing costs available on select Quick Move-In homes closing between September 1st and September 30th, 2025. The total contribution is not to exceed a maximum of $7,500. "Closing Costs" exclude prepaid items such as taxes, insurance, and escrows. The seller's contribution is limited to agency limits, which depend on the loan program and LTV. The buyer is responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. $7,500 in closing costs cover all closing costs up to $7,500 and is only available by using M/I Financial, LLC (NMLS #50684). $5,000 in closing costs cover all closing costs up to $5,000 and is only available by using M/I Financial, LLC (NMLS #50684). Offer is subject to change without notice. The offer is not available for renegotiation on existing contracts. Exclusions apply. Contact a M/I Homes New Home Consultant for complete details.
**The interest rate of 4.875% is based on a 30-year fixed-rate FHA loan with a 1/0 buydown on a sales price of $414,508 and a $400,000 loan amount. The 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 are required. The interest rate is temporarily reduced to 3.875% for year 1 and 4.875% for years 2-30. The ANNUAL PERCENTAGE RATE is 5.6272%. The program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not include townhomes in Andelina Farms. Promotion does not apply to cancellations, rewrites, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. The 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 August 31st, 2025. 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). Restrictions do apply. Contact a M/I Homes New Home Consultant for complete details.
***The interest rate of 5.875% is based on a 30-year fixed-rate conventional loan with a 1/0 buydown on a sales price of $414,508 with a loan amount of $331,606. A 20% down payment and a minimum credit score of 720 are required. The interest rate is temporarily reduced to 4.875% for year 1 and 5.875% for years 2-30. The ANNUAL PERCENTAGE RATE is 6.1022%. The program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply to cancellations, rewrites, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. The 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 August 31st, 2025. 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). Restrictions do apply. Contact a M/I Homes New Home Consultant for complete details. Below-market rate as compared to the weekly Freddie Mac Primary Mortgage Market Survey.
Have questions for us?
Ask about current properties or more details about this incentive, or call (248) 836-4526