Interest Rate Buy Down Incentive With Partner Lender

rate lock special buy down discount rate

Posted Thursday June 2, 2022 in Mortgage



Interest Rate Buy Down Incentive With Preferred Lender | by Chafin Communities

Dreaming of owning your own home, we have a special builder incentive right now with an interest rate buy down incentive for your home mortgage today. Purchase a Chafin Communities’ home financed with our partner lender, Silverton Mortgage, and Chafin will cover the cost of locking in a rate for up to 6 months!** Rate will vary based on current rates on the date of lock-in. For more information, please call our online specialists at 470-269-3829.

Learn more about the interest rate buy down incentive here: https://www.chafincommunities.com/ratespecial/

**Promotion available for homes with a purchase contracts signed from 6/1/2022-8/1/2022. Chafin Communities will pay up to 4 discount points associated with buying down the customer’s interest rate down to 4.500% and the cost of the extended rate lock fee for a 6-month lock. Chafin Communities’ contribution toward discount points and extended rate lock may not be available with all loan programs.

 

rate lock special

 


ALL LOANS ARE SUBJECT TO CREDIT APPROVAL. All trademarks are property of their respective owners.

*Example of 90% LTV (10% Cash Down) Conventional Loan Program with $525,000 sales price. $472,500 loan amount – 30-year fixed rate loan with 4.000 discount points based on 360 monthly payments at $2,394.09 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. 10% cash down payment of $52,500 required. Example assumes 740 credit score and includes $1,295 origination fee, 4.998% APR, and 4.500% interest rate as of 5/24/2021. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state.

**Promotion available for homes with a purchase contract signed from 6/1/2022 – 8/1/2022. Chafin Communities  will pay up to 4 discount points associated with buying down the customer’s interest rate down to 4.500% and the cost of the extended rate lock fee for a 6-month lock. Chafin Communities’ contribution toward discount points and extended rate lock may not be available with all loan programs.

Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org/).

Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and is subject to change without notice. 05/2022.

 

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