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Rates starting as low as 3.99% (6.055% APR)!

Now is the time to make your move!

Now is the time to make your move!

Take advantage of lower mortgage payments for two years with the 2-1 fixed rate buydown option from our preferred lender, First Equity Mortgage. It could save you thousands of dollars.
 
With a 2-1 buydown, your payments will be based upon an effective interest rate 2% lower than the original, locked-in rate in year one. In year two, your payments will be based on a rate that is 1% less. Sounds pretty good, right? Drees Homes is covering the difference between what your payment typically would be and the adjusted, bought-down rate when you contract to purchase a select quick move-in home between September 1 - September 30, 2024 and close by October 31, 2024. Don’t miss out!

3.99%

(6.055% APR)

Year 1

4.99%

(6.055% APR)

Year 2

5.99%

(6.055% APR)

Year 3

*Example for a 2-1 buydown on a 30-year conventional fixed rate mortgage: in the first year, borrower payments will be based on a 3.99% interest rate (6.055% APR Annual Percentage Rate, or APR), second year 4.99% interest rate (6.055% APR), then 5.99% interest rate (6.055% APR) for the remaining 28 years. The APR does not consider any other loan specific finance charges you may be required to pay. Example shows a 30-year conventional loan for an owner-occupied home with a sales price of $500,000, loan amount of $400,000, 760 credit score and 20% down payment. Loan products are subject to standard qualifications and credit approval. Government and Adjustable Rate Mortgages are not eligible for this program. The 2-1 buydown option is available on Jumbo loans, but at a different interest rate. Contact your First Equity Mortgage loan officer for details. Rates, terms and conditions are subject to change or withdrawal without notice.
 
The 2-1 buydown is valid on firm, non-contingent purchase agreements for eligible, owner-occupied, quick move-in homes that have been accepted by Drees Homes between September 1 - September 30, 2024. Home must close with First Equity Mortgage by October 31, 2024. Excludes Elevate by Drees. In the 2-1 buydown option, borrower payments for the first year will be based on an interest rate 2% below current market rate and the second year’s payments will be based on an interest rate 1% below current market rate. In the 3rd through 30th years, payments will be based on the original locked-in rate. Subject to buyer qualification.
 
Buyer is not required to finance through First Equity Mortgage to purchase a Drees Home; however, buyer must use First Equity Mortgage Inc., an Equal Housing Lender licensed by the Ohio Department of Commerce, Division of Financial Institutions, License #RM803826.00; NMLS #21157, to receive the 2-1 buydown option. Other restrictions may apply. First Equity Mortgage, Incorporated is a wholly-owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Fort Mitchell, KY 41017. Equal Housing Lender.
 
See First Equity Mortgage loan officer for details.