First-Year Rates as Low as 2.875% /5.6574% APR (FHA)* and 3.875% / 5.9391% APR (Conventional)**
For a limited time, you can secure first-year rates as low as 2.875% /5.6574% APR* with a 2/1 buydown on a 30-year Fixed FHA mortgage or 23.875% / 5.9391% APR** on a 30-year Fixed Conventional mortgage. These temporary 2/1 mortgage rate buydowns are available for select homes that can close by January 31st, 2025.*
More Details
Right now, we're offering limited-time incentives on select Quick Move-In homes that can close in January throughout Chicagoland's most desirable neighborhoods.
Quick Move-In Home Offers Include:
✓ 2/1 Rate Buydown on a 30-year FHA Fixed-Rate Mortgage:
- Year 1: 2.875% Rate* / 5.6704% APR*
- Year 2: 3.875% Rate* / 5.6704% APR*
- Years 3–30: 4.875% Rate* / 5.6704% APR*
✓ 2/1 Rate Buydown on a 30-year Conventional Fixed-rate Mortgage:
- Year 1: 3.875% Rate** / 5.9391% APR**
- Year 2: 4.875% Rate** / 5.9391% APR**
- Years 3–30: 5.875% Rate** / 5.9391% APR**
✓ Plus, Paid Closing Costs up to $3,000†
Now is the time to buy, so contact our team today to schedule an appointment!
*Valid on eligible new contracts written on November 13th through January 18th, 2025. The payment is based on a $339,990 sales price with a $328,090 loan amount. Financed amount is $333,831 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 applies to a 2/1 temporary buy-down on a 30-year Federal Housing Authority Fixed Rate loan. In the first year, the interest rate is 2.875% and the principal and interest payments are $1,385.04. In the second year, the interest rate is 3.875% and the principal and interest payments are $1,569.80. In years 3 through 30, the interest rate is 4.875% and the principal and interest payments are $1,766.66. Payments do not include taxes, insurance, closing costs, or FHA monthly mortgage insurance so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 5.6704%. 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 December 18, 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. Maximum allowable FHA county loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply. Illinois Residential Mortgage License Nationwide Multistate Licensing System and Registry's Consumer Access website (https://nmlsconsumeraccess.org).
**Valid on eligible new contracts written on November 13th through January 18th, 2025. The payment is based on a $549,990 sales price with a $439,992 loan amount. A 20% down payment and a minimum credit score of 720 is required. The interest rate applies to a 2/1 temporary buy-down on a Conventional Fixed Rate Loan. In the first year, the interest rate is 3.875% and the principal and interest payments are $2,069.01. In the second year, the interest rate is 4.875% and the principal and interest payments are $2,328.47. In years 3 through 30, the interest rate is 5.875% and the principal and interest payments are $2,602.72. Payments do not include taxes, homeowner insurance, or closing costs so your total payment will be higher. The ANNUAL PERCENTAGE RATE is 5.9391%. 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 December 18, 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. Conforming Conventional loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply. Illinois Residential Mortgage License Nationwide Multistate Licensing System and Registry's Consumer Access website (https://nmlsconsumeraccess.org).
†Up to $3,000 in paid closing costs in paid closing costs for Quick Move-In contracts apply to buyer's costs, including lender fees, title fees, prepaid escrows, and third-party fees and require the use of M/I Financial, LLC. The amount of closing costs varies by community. Buyers are responsible for the buyer's portion of prorated HOA fees and/or dues. The Seller's contribution is limited to agency limits of 3% to 6% (depending on the percentage of down payment and loan program). Buyer will be responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. Below market rates also vary by home and community. Financing is offered through M/I Financial, LLC NMLS #50684. Some restrictions apply. Promotional offers are valid on contracts written between between November 7th through November 30th, 2024 only. Contact an NHC or an M/I Financial representative with any questions or to qualify for a home loan.
Have questions for us?
Ask about current properties or more details about this incentive, or call (630) 360-9080