*This is not an offer to lend. Rates are effective 6/12/24 and are based on a 30-day rate lock for Conventional 30 Year Fixed 2/1 Buydown financing. Loan scenario assumes a $550,000 purchase price, loan amount of $495,000 and $55,000 (10%) down payment on a Conventional 30 Year Fixed 2/1 Buydown with 740 credit score. Rate of 5.990% (6.587% APR) is fixed for entire 30-year term, but initial payments are reduced based on the buydown benefit. Buydown benefit for Year 1 is 2%, Year 2 is 1%, and Years 3-30 are no longer discounted. First year initial interest rate is 3.990% (6.587% APR), 12 monthly P&I payments of $2,360.35. Second year interest rate is 4.990%, 12 monthly PI payments of $2,654.24. Starting in the third year, interest rate is fixed at 5.990%, 336 monthly P&I payments of $2,964.59 (this excludes taxes, insurance, HOA and other fees, so actual monthly payment obligation may be greater). Rates, terms, and availability of programs are subject to change without notice. Additional terms may apply. Must get pre-qualified for a new purchase through BRP Home Mortgage, LLC. Not all applicants will qualify. Available on select homesites only. May not be available at time of loan commitment or closing. Services not available in all states. BRP Home Mortgage, LLC, NMLS #2044252,4800 N. Scottsdale Road, Suite 3800, Scottsdale, AZ 85251. For information on our company’s mortgage licensing, go to www.nmlsconsumeraccess.org [nmlsconsumeraccess.org]. Equal Housing Opportunity Lender. All loans subject to underwriter approval.
**Ask a New Home Counselor for more details.
Pricing (including monthly pricing), dimensions, and square footage are approximate and provided for informational purposes only. Certain prices reflect selections applied to the room shown, and may or may not apply to other areas or rooms shown throughout the home. Availability (including the availability of construction materials and homes), designs, specifications, dimensions, square footage, features, prices, financing, terms, incentives, materials, amenities, and options may vary, may not be available, and are subject to change without notice or obligation. For example, front windows and porches may vary with elevation, and room measurements may be shown from the inside face of drywall. All photos, renderings, and other depictions are for illustration purposes only and may include elements that are for display purposes only. Brookfield Residential does not discriminate against any class of persons protected by federal, state, local, or provincial law. Models and lifestyle photos do not reflect racial or ethnic preference. Certain properties in certain jurisdictions have age restrictions for residents. No information or material on our site is an offer to sell a unit or real property and, in certain jurisdictions, an offer can only be made after filing a disclosure statement. Contact a local Brookfield Residential representative for more details.