Mortgage Info

Zero Move In:

Low rates
Up to 6% of sales price seller contribution allowed
FHA with downpayment assistance allows for zero move in
VA - loans for Veterans -100% financing
No prepayment penalties
Borrower must meet all guidelines required by lender, other conditions and restrictions may apply

3.875% Starting Rate, 2/1 Buydown:

Low rates
1st yr start rate – 2% lower than note rate
FHA with downpayment assistance allows for zero move in
Up to 6% of sales price seller contribution allowed
1st year rate – 2% lower than note rate (Ex: 3.875% note rate, APR 4.304%)
2nd year rate – 1% lower than note rate (Ex: 4.875% note rate, APR 5.326%)
3rd – 30th year rate– note rate and will be fixed for remaining term of loan (Ex: 5.875% note rate, APR 6.349%)
Permanent buydowns available
No prepayment penalties
Borrower must meet all guidelines required by lender, other conditions and restrictions may apply
Original purchase date of June 1,2008 through July 31,2008, must close no later than July 31, 2008

The above promotion examples are estimated possible financing scenarios. They are neither a loan commitment nor a guarantee. Actual payments and rates may vary, and additional terms, restrictions, and conditions may apply. Rates, APRs, fees, and programs are subject to change or be cancelled at any time without notice, and may not be available in all communities or in conjunction with other promotions, discounts, or incentives. All promotions, properties, and applicants subject to qualifications, underwriting guidelines, and conditions. The promotions apply to the purchase of a Castlerock home with an original purchase date of June 1, 2008, through July 31, 2008, and must close no later than July 31, 2008.