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*The payment is based on a $350,000 sales price, a $337,750 mortgage amount and 3.50% down payment with a 2-1 temporary buydown of a 30-year FHA fixed rate mortgage. In the first year, the interest rate is 2.75% and the principal and interest payments are $1402.96. In the second year, the interest rate is 3.75% and the principal and interest payments are $1591.54. In years 3 through 30, the interest rate is 4.75% and the principal and interest payments are $1792.69. Payments do not include taxes, insurance (or FHA monthly mortgage insurance) so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 5.8160%. Mortgage offer is based on a minimum credit score of 640. Maximum mortgage amount is subject to applicable program limits. Other financing is available with as little down as 0%. Rate is subject to change without notice. Rate is not guaranteed until locked in with M/I Financial. Financing is offered through M/I Financial LLC, NMLS ID #50684 (www.nmlsconsumeraccess.org/) Buyer must meet all requirements of the program. Buyer must make application within 48 hours of contract signing and close by 9/30/2024. Property must be owner occupied. Other Terms and conditions may apply. Property must be owner occupied. Other Terms and conditions may apply. Buyer to receive $5,000 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. Some restrictions apply. Availability may vary per plan, homesite, and community. Offer is for a limited time only and is subject to change at any time without notice. Valid on FULL-PRICED CONTRACTS on homes that can close by 9/30. Below-market rate as compared to the weekly Freddie Mac Primary Mortgage Market Survey.
The rate is based on a $414,507 sales price with a $400,000 loan amount. Financed amount is $407,000 which includes the FHA UFMIP of 1.75%. A minimum down payment of 3.5% and credit score of 640 are required. The interest rate as of September 18, 2024, at 10:00am CST was 3.875% and applies to a 30-year fixed rate FHA loan. The ANNUAL PERCENTAGE RATE is 4.6170%. Program is available on select homes only. 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 November 30, 2024. 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. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply.