2/1 Temporary Buydown to a 3.875% Rate* / 6.112% APR* in Year 1

Hurry, for a limited time you can secure a 2/1 temporary mortgage rate buydown for a 3.875% Rate*/ 6.112% APR* in the first year on select homes that can close by June 28th, 2024. This is your chance to lock in an incredible below-market interest rate through M/I Financial, LLC.*

More Details:

For a limited time, and at no cost to you, lock in a 2/1 Rate Buydown on select homes that can close by June 28^th, 2024.* This program is offered through M/I Financial, LLC and is exclusive for new contracts written by April 30^th that can close by June 28^th, 2024 for their advertised price.  

• Year 1: 3.875% Rate / 6.112% APR*
  
• Year 2: 4.875% Rate / 6.112% APR*
• Years 3-30: 5.875% Rate / 6.112% APR*

This amazing rate will not last long, so contact our Internet Sales Team to schedule an appointment! 

*Promotional rate applies to new contracts for a limited time only on homes that can close by June 28th, 2024. The interest rate is based on a 2-1 temporary buy-down for a 30-year conventional fixed-rate mortgage with a 10% down payment. In the first year, the interest rate is 3.875%. In the second year, the interest rate is 4.875%. In years 3 through 30, the interest rate is 5.875%. The ANNUAL PERCENTAGE RATE is 6.112% and is based on a sales price of $575,990 with a loan amount of $518,391. Buyer must make loan application within 48 hours of contract signing by 4/30/2024, must lock within 14 days of accepted contract, and must close by June 28th 2024 or once the home is complete. The buyer must occupy the property and meet all qualification requirements of the program. The seller’s contribution is limited to agency limits which depend on the loan program and LTV. Payments are based on a minimum 720 credit score. Below-market rate as compared to the weekly Freddie Mac Primary Mortgage Market Survey. The advertised rate is for a limited time and is subject to change without notice. Other financing programs may be available with as little as 3.5% down. Financing is offered through M/I Financial, LLC (NMLS# 50684). Available on new business only to new customers not currently under contract with M/I Homes. Available on advertised price only. Cannot be combined with any other advertised M/I Financial, LLC incentive. Please see a New Home Consultant for more information and details.