Limited-Time 2/1 Buydown With a First-Year 2.875% Rate* / 5.632% APR* on a 30-year FHA loan

 

****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 30, 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 applies to a 30-year conventional loan with a 2/1 buy-down. 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 interest rate is temporarily reduced to 3.875% for year 1, 4.875% for year 2, and 5.875% for years 3–30. The ANNUAL PERCENTAGE RATE is 5.9398%. This program is available on selected Quick Move-In homes and applies to new contracts only. 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 August 29, 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.

‡Paid closing costs may vary per home and apply to buyer's costs, including allowable closing costs, prepaid, and capital contribution fees up to 3% of the sales price (excludes discount points, future HOA dues, and fees from home inspections, radon inspections, or any other purchase-related transaction fee). The purchaser is responsible for closing costs in excess of this contribution. The seller's contribution is limited to lender limits of 3% to 6% (depending on the percentage of down payment and loan program selected). The buyer/purchaser is responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. See NHC for specific community incentives. Paid closing costs vary by community and are only available when financing through M/I Financial, LLC (NMLS #50684). The offer is for a limited time and is subject to change.