Dream Big National Sales Event
Dream Big with a limited-time 2.875%* Rate / 5.754% APR* for the first year on FHA 30-year fixed rate loan. Now is the time to own a new home with a 2/1 temporary interest rate buydown offered through M/I Financial, LLC!*
More Details:
Each of us has dreams: some big, some small. A big one that many of us have is to purchase our dream home.
Here at M/I Homes, we take these dreams seriously. From our extensive website to meeting with our knowledgeable associates to our 10-Year Transferable Warranty, we have your dream covered.
For a limited time on select Quick Move-In homes, you can receive a 2/1 temporary interest rate buydown.
FHA 30-year fixed rate loan details:
- Year 1: 2.875% Rate* / 5.754% APR*
- Year 2: 3.875% Rate* / 5.754% APR*
- Year 3-30: 4.875% Rate* / 5.754% APR*
Conventional 30-year fixed rate loan details:
- Year 1: 4% Rate** / 6.0433% APR**
- Year 2: 5% Rate** / 6.0433% APR**
- Year 3-30: 6% Rate** / 6.0433% APR**
In addition to this great rate, we will pay all your closing costs*** with the use of M/I Financial, LLC!
Our Knowledgeable Team Is Available Now to Help You:
✓ Share more Incentive Details on Qualifying Homes
✓ Schedule Private Community and Home Tours
✓ Explain Financing Options and Steps
✓ Walk Through the New Construction Timeline and Process
✓ Give Expert Information on Area Features, Attractions, and Schools Rate Disclosure
Contact us today to schedule a tour!
*The payment is based on a $392,000 sales price, a $384,899 mortgage amount, and a 3.5% down payment with a 30-year FHA fixed-rate mortgage with a 2-1 temporary buydown. In the first year, the interest rate is 2.875%, and the principal and interest payments are $1,596.92. In the second year, the interest rate is 3.875%, and the principal and interest payments are $1,809.94. In years 3 through 30, the interest rate is 4.875%, and the principal and interest payments are $2,036.92. Payments do not include taxes, insurance, or FHA monthly mortgage insurance, so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 5.754%. Program is available on selected inventory homes only. Buyer must meet all qualification requirements of the program. Payments are based on a minimum 640 credit score. Buyer must make loan application within 48 hours of contract signing and must close by October 31, 2024. Rate is not guaranteed until locked with M/I Financial, LLC, and is subject to change without notice. Financing is offered through M/I Financial, LLC (NMLS #50684)
**The payment is based on a $687,500. sales price, a $550,000. mortgage amount and a 20% down payment with a 30 year Conventional fixed rate mortgage with a 2 - 1 temporary buydown. In the first year, the interest rate is 4% and the principal and interest payments are $2,625.78. In the second year, the interest rate is 5% and the principal and interest payments are $2,952.52. In years 3 through 30, the interest rate is 6% and the principal and interest payments are $3,297.53. Payments do not include taxes or insurance so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 6.0433%. Program is available on selected inventory homes only. Buyer must meet all qualification requirements of the program. Payments are based on a minimum 740 credit score. Buyer must make loan application within 48 hours of contract signing and must close by October 31, 2024. Rate is not guaranteed unit locked with M/I Financial, LLC and subject to change without notice. Other financing programs may be available with as little as 3.5% down. Rate is not guaranteed until locked with M/I Financial, LLC and is subject to change without notice. Financing is offered through M/I Financial, LLC (NMLS #50684)
***Paid closing costs are available through M/I Financial, LLC and apply to the buyer's costs, including allowable closing costs, pre-paids, discount points, and rate lock extensions, and may vary per home and community. Paid closing costs cannot be used for a home price reduction and do not include fees from home inspections, radon inspections, or any other purchaser-elected transaction fee. Buyer is responsible for closing costs in excess of this contribution. Homes must be contracted by September 30, 2024 and close by October 31, 2024. This promotion applies to new business only. Buyer will be responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. Financing is offered through M/I Financial, LLC (NMLS# 50684). See a new home consultant for complete details, as this program is subject to change without notice.
Have questions for us?
Ask about current properties or more details about this incentive, or call (704) 286-6498