Looking to Buy Soon? Rates starting at 4.49% (6.572% APR)*

With below-market interest rate financing, there's never been a better time to buy. Take advantage of rates starting at 4.49% (6.572% APR) and enjoy a 2-1 buydown on your mortgage loan when you finance with our trusted partner, First Equity Mortgage, Inc. Celebrate the season in style & gift your family lasting memories.
 
How does this work? With a 2-1 buydown on a fixed-rate mortgage loan, in year one, your payments will be based on a rate that's 2% lower than your original locked-in rate. In year two, your payments are 1% lower than your original locked-in rate. In years 3-30, your mortgage rate will be the full locked-in rate. Sounds good, right? Drees covers the difference between what your payment typically would be and the adjusted bought-down rate.
 
"Yule" love these year-end savings but hurry, this opportunity is only avavilable until December 31, 2024!
*The 4.49% (6.572% APR) interest rate incentive is based on a 2-1 buydown of a conventional fixed-rate loan and is valid on firm, non-contingent, owner-occupied home purchase agreements accepted by Drees Homes between December 1-30, 2024, that close with First Equity Mortgage by January 31, 2025. Excludes Elevate by Drees and townhomes.
 
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 4.49% interest rate (6.572% APR Annual Percentage Rate, or APR), second year 5.49% interest rate (6.572% APR), then 6.49% interest rate (6.572% 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. Rates, terms and conditions are subject to change or withdrawal without notice.
 
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 (www.nmlsconsumeraccess.org)., 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.