New Home Promotion in Austin, TX

Need to move now?

Rates starting at 4.875% (6.971% APR) your first year!*

If you're looking to buy now, we have quick move-in homes available in communities throughout Austin with great mortgage rate incentives. You could qualify for a great low rate starting at 4.875% (6.971% APR) your first year!

How does a 2-1 buydown work?

Year 1

Save big your first year with an interest rate 2% lower, 4.875% (6.971% APR) , than your locked-in rate.

Year 2

Your rate is 1% lower, 5.875% (6.971% APR), helping you save on your mortgage payment.

Year 3-30

Continue with your low locked-in rate of 6.875% (6.971% APR).

Start living in a home with elevated finishes and a stylish floorplan, all while taking advantage of special savings this month. Incentive ends November 22, 2026. Ask a Drees Market Manager for more details.

Find your home

Planning to build?

50% Off Up To $100,000 In Drees Design Center Options.**

Don't miss out on your chance to save when customizing your new build to order home! You could save 50% off in the Drees' Design Center when making selections - up to $100,000! You could upgrade to hardwood floors, new appliances or even designer finishes throughout your home. That washer and dryer you've wanted to replace, now you can enjoy brand new and installed appliances when you move in. Maybe add some pizazz to your patio or give your kitchen extra gourmet features. How you customize is up to you!

Hurry, this incentive ends November 22, 2026!

*Advertised interest rate of 4.875% (6.971% APR) is valid only on firm, non-contingent purchase agreements accepted by Drees Custom Homes in the Austin area, October 1 - November 22, 2026, close by December 22, 2026, and financed with First Equity Mortgage Inc. With the advertised rate, borrower payments for the first year will be based on an interest rate of 2% below the current market rate. The second year’s payments will be based on an interest rate 1% below the current market rate. In years 3-30, payments will be based on the original locked-in rate. For example, in the first year, borrower payments will be based on a 4.875% interest rate (6.971% APR), second year 5.875% interest rate (6.971% APR), then 6.875% interest rate (6.971% APR) for the remaining 28 years. The APR does not consider any other loan specific finance charges buyer may be required to pay. Example shows a 30-year conventional loan for an owner-occupied home with a sales price of $700,000, 760 credit score and 20% down payment. Subject to standard qualifications and credit approval. Government and adjustable-rate mortgages are not eligible. The 2-1 buydown option is available on Jumbo loans but at a different interest rate. Excludes homes built by the Elevate by Drees Custom Homes division.

**Incentive available on build-to-order homes with valid, non-contingent purchase agreements accepted between October 1 - November 22, 2026. Includes 50% discount on design finishes and appliances in the Drees Design Center of up to $100,000 for a maximum discount of $50,000. Incentive does not include homes in The Colony or The District at Rough Hollow neighborhoods. Drees Homes reserves the right to change or withdraw this promotion at any time without prior notice. May not be substituted for cash value. Excludes homes built by the Elevate by Drees Custom Homes division. See your Drees Market Manager for more information.

First Equity Mortgage Inc. is an Equal Housing Lender licensed by the Texas Department of Savings and Mortgage, License #SML; NMLS #21157 (www.nmlsconsumeraccess.org), and is a wholly owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Ft. Mitchell, KY 41017. Buyer is not required to finance through First Equity Mortgage Inc. to purchase a Drees Custom Home; however, buyer must use First Equity Mortgage Inc. to take advantage of advertised incentives. Consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free consumer hotline is available at (877) 276-5550.