This incentive from @edgehomes is ❤️🔥❤️🔥❤️🔥. It’s a 4.75% 7/6 ARM with a 2-1 temporary buydown. APR is 6.020 based on a price of 471,900 (the list price of this home!), a 5% down payment, and 780 credit. (You do NOT need 780 credit to qualify for this, that’s just the score I used for APR.)
A buyer with 780 credit and 5% down will need to pay approx $5500 in closing costs out of pocket
Payments shown include principal, interest, taxes, insurance, mortgage insurance, and HOA dues. MI factor is .34%. MI is HIGHLY VARIABLE and will likely be different for your scenario.
Comment PROMO if you want more details for your specific scenario!
