First-Year FHA Rates as Low as 2.875%* / 5.6272% APR* with a 2/1 buydown
February 25 - March 31, 2025
For a limited time, secure a 2/1 buydown with first-year rates as low as 2.875%* / 5.6272% APR* on a 30-year FHA loan or 3.875%** / 6.1022% APR** on a 30-year conventional loan through M/I Financial, LLC.
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For a limited time, through M/I Financial, LLC, you can secure a 2/1 buydown with first-year rates as low as 2.875%* / 5.6272% APR* on a 30-year FHA loan or 3.875%** / 6.1022% APR** on a 30-year conventional loan through M/I Financial, LLC.
- 2/1 buydown on a 30-year FHA loan*
- Year 1: 2.875% / 5.6272% APR
- Years 2: 3.875% / 5.6272% APR
- Years 3-30: 4.875% / 5.6272% APR
- 2/1 buydown on a 30-year conventional loan**
- Years 1: 3.875% / 6.1022% APR
- Year 2: 4.875% / 6.1022% APR
- Year 3-30: 5.875% / 6.1022% APR
Or
Secure a 4.875%*** / 5.6272% APR*** 30-Year FHA loan or a 5.875%† / 6.1022% APR† on a 30-year Conventional loan through M/I Financial, LLC plus 3% of your base price to use towards allowable closing costs.††
Our team of experts is ready to assist you with the home-buying process from start to finish. Contact us today to learn more about these exclusive offers!
*The interest rate of 2.875% is based on a 30-year fixed rate FHA loan with a 2/1 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 is required. The interest rate is temporarily reduced to 2.875% for year 1, 3.875% for year 2, and 4.875% for years 3–30. 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 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 May 31, 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.
**The interest rate of 3.875% is based on a 30-year fixed-rate conventional loan with a 2/1 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 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 6.1022%. The 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 May 31, 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.
***The interest rate of 4.875% is based on a 30-year fixed rate FHA loan with 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 is required. 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 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 May 31, 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.
†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%. 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 May 31, 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.
††In addition to the limited-time rate, the buyer will receive 3% of their base price towards allowable closing costs through M/I Financial, LLC (NMLS# 50684). 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. Buyer will be responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. Offer is for a limited time only and is subject to change at any time without notice. Valid on FULL-PRICED CONTRACTS written between 2/25/2025 and 3/31/2025.
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