First-Year Rates as Low as 2.875% / 5.632% APR (FHA)* and 3.875% / 5.9398% APR (Conventional)**

Take advantage of our limited-time, 2/1 temporary mortgage rate buydown, where you can secure first year rates as low as 2.875% / 5.632% APR* on a 30-year fixed FHA mortgage or 3.875% / 5.9398% APR on a 30-year conventional** mortgage on select homes that can close by December 31st, 2024.

More Details

If you're looking to make a move to Metro Detroit, now is the time, with our incredible 2/1 Rate Buydown offering on a 30-year FHA-fixed rate mortgage or a 30-year conventional fixed-rate mortgage on select homes that can close by December 31st, 2024.

Details about this exclusive offering through M/I Financial, LLC includes:

2/1 Rate Buydown on a 30-year FHA fixed-rate mortgage on select Quick Move-In Homes:*

• Year 1: 2.875% Rate / 5.632% APR
• Year 2: 3.875% Rate / 5.632% APR
• Years 3-30: 4.875% Rate / 5.632% APR

2/1 Rate Buydown on a 30-year conventional fixed-rate mortgage on select Quick Move-In Homes:**

• Year 1: 3.875% Rate / 5.9398% APR
• Year 2: 4.875% Rate / 5.9398% APR
• Years 3-30: 5.875% Rate / 5.9398% APR

Wait, there's more!

• Receive up to $7,500 in paid closing costs with the use of M/I Financial, LLC***

These incentives won't last long, so contact us today to schedule your appointment and learn how you can save hundreds on your monthly payments!

*A 3.5% down payment and a minimum credit score of 640 is required. The interest rate applies to a 30-year FHA loan with a 2/1 buy-down. 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 5.632%. 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 31, 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.

**A 20% down payment and a minimum credit score of 720 is required. The interest rate applies to a 30-year Conventional Loan with a 2/1 buy-down. 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 5.9398%. 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 31, 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.

***Offer valid on select Quick Move-In homes in Metro Detroit that contract between 10/28/24 and 12/31/24. Home must close by 12/31/2024. The total contribution is not to exceed a maximum of $7,500. "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. The buyer is responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. $7,500 in closing costs covers all closing costs up to $7,500 and is only available when financing through M/I Financial, LLC (NMLS #50684). Offer is subject to change without notice. The offer is not available for renegotiation on existing contracts. Exclusions apply. Contact an M/I Homes New Home Consultant for complete details.