Lower Payments with 2/1 Buydown

July 17 - August 15, 2025

Increase your home buying power and decrease your rate for the first two years of your mortgage with M/I Financial, LLC. Learn more about our 2/1 Buydown offer on new homes that can close by August 29th, 2025.


Details

Thinking about buying a new home but worried about high interest rates? Then we have great news!

M/I Financial now offers you a program that dramatically lowers your payments for the first two years of your mortgage, putting a great new home within your reach. 

Our 2/1 Rate Buydown helps make it easier to buy a home today, rather than waiting for interest rates to drop. 

✓ 2/1 buydown on a 30-year FHA mortgage

  • Year 1: 2.875% Rate** / 5.65% APR**
  • Year 2: 3.875% Rate** / 5.65% APR**
  • Years 3-30-: 4.875% Rate** / 5.65% APR**

✓ 2/1 buydown on a 30-year VA mortgage⁑

  • Year 1: 2.875% Rate / 5.84% APR
  • Year 2: 3.875% Rate / 5.84% APR
  • Years 3-30: 4.875% Rate / 5.84% APR

✓ 2/1 buydown on a 30-year Conventional mortgage‡

  • Year 1: 3.875% Rate / 6.31% APR
  • Year 2: 4.875% Rate / 6.31% APR
  • Years 3-30: 5.875% Rate / 6.31% APR

Plus enjoy up to $10,000 in paid closing costs!***

Contact our team today for information on homes that qualify for this program.

*Rate is based off of the FHA Market Rate on July 2025. The ANNUAL PERCENTAGE RATE is 7.17% and is based on a sales price of $300,000 with a loan amount of $294,566 with a monthly payment of $1,837.71. 

**The payment is based on a $300,000 sales price with a $294,566 loan amount. Financed amount is $294,566 which includes the FHA UFMIP of 1.75%. A 3.5% down payment and a minimum credit score of 640 is required. The 4.875% interest rate applies to a 30-year FHA loan with a 2/1 buy-down. In the first year, the interest rate is temporarily reduced to 2.875% and the principal and interest payments are $1,222.13. In the second year, the interest rate is 3.875% and the principal and interest payments are $1,385.16. In years 3 through 30, the interest rate is 4.875% and the principal and interest payments are $1,558.87. Payments do not include taxes, insurance, HOA dues, or FHA monthly mortgage insurance so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 5.65%. Program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply 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. Maximum allowable FHA county loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply.

⁑The 4.875% interest rate is based on a 2-1 temporary buydown for a 30-year VA loan with a 0% down payment. In the first year, the interest rate is 2.875%. In the second year, the interest rate is 3.875%. In years 3 through 30, the interest rate is 4.875%.ANNUAL PERCENTAGE RATE is 5.84% and is based on a sales price of $300,000 with a loan amount of $304,450. Buyer must make loan application within 48 hours of contract signing and must close by August 31st, 2025. 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 640 credit score. Maximum allowable VA county limits apply. 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. The advertised rate is for a limited time and is subject to change without notice until locked with M/I Financial, LLC. Restrictions do apply. Please see a New Home Consultant for more information and details.

‡The 5.875% interest rate is based on a 2-1 temporary buydown for a 30-year Conventional loan with a 5% 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%.ANNUAL PERCENTAGE RATE is 6.31% and is based on a sales price of $300,000 with a loan amount of $285,000. Buyer must make loan application within 48 hours of contract signing and must close by August 31st, 2025. 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. maximum allowable conventional county loan limits apply. Other financing programs may be available with as little as 0% 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. The advertised rate is for a limited time and is subject to change without notice until locked with M/I Financial, LLC. Restrictions do apply. Please see a New Home Consultant for more information and details.

***Buyer to receive a percentage of contract base price towards allowable closing costs, exclusive to M/I Financial, LLC (NMLS# 50684) with a contract executed 7/18/25-8/15/25. The total contribution is not to exceed a maximum of $10,000. "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. Some restrictions apply. The offer is for a limited time only and is subject to change without notice. If combining with a special rate incentive, then the total contribution will differ by loan program and other factors. Offer is not available for renegotiation on existing contracts and is subject to change without notice. See New Home Consultant for complete details.

Communities offering this incentive

Increase your home buying power and decrease your rate for the first two years of your mortgage with M/I Financial, LLC. Learn more about our 2/1 Buydown offer on new homes that can close by August 29th, 2025.