*1% off Interest Rate Incentive provides a 1% discount off the current interest rate offered by First Equity Mortgage, Incorporated on a standard 30-year fixed-rate conventional loan after all required adjustments for any loan level, credit score, loan-to-value, or other factors (known as the “Adjusted Base Rate”) calculated at the time the buyer initially locks their interest rate. Incentive is valid only on firm, non-contingent purchase agreements for owner-occupied, build-to-order single family homes accepted by Drees Homes between July 7 - July 31, 2025, when the buyer finances with First Equity Mortgage, Incorporated. To qualify, buyer must select a 30-year fixed-rate conventional loan with a down payment of 10% or more of the home's purchase price. Buyers will lock their rate between 60 and 15 days before closing. The 1% rate reduction is based on the seller paying the incentive in an amount equal to the discount points required to reduce the Adjusted Base Rate by 1%, calculated at the time that Buyer initially locks their interest rate. Buyers must apply all seller incentives toward discount points to buy down the interest rate. The incentive will not exceed 4.00% of the total purchase price of the home even if this amount does not ultimately result in an interest rate reduction of 1% below the Adjusted Base Rate. This offer may not be combined with any other Drees offers or discounts, unless otherwise noted.
**Advertised interest rate of 5.99% has a 6.058% Annual Percentage Rate (APR). Incentives are valid only on firm, non-contingent purchase agreements for eligible quick move-in homes accepted by Drees Homes between July 7 - July 31st, 2025, that close by August 31, 2025, with First Equity Mortgage, Incorporated. APR is based on a conventional 30-year fixed rate mortgage on an owner-occupied home with a sales price of $500,000, 760 credit score and a 20% down payment, (25% down payment for condominiums) and does not consider any other loan specific finance charges you may be required to pay. Rate applies to conventional loans only and cannot exceed conventional limits. High balance, VA, USDA, adjustable rate and jumbo loans are excluded. Subject to full credit approval. Some buyers may not qualify for this loan or this rate.
Incentives excludes homes built by the Elevate by Drees Homes division. First Equity Mortgage, Incorporated is an Equal Housing Lender licensed by the Ohio Department of Commerce, Division of Financial Institutions, License #RM803826.00; NMLS #21157 (www.nmlsconsumeraccess.org). Buyer is not required to finance through First Equity Mortgage, Incorporated to purchase a Drees Home; however, they must use First Equity Mortgage, Incorporated to receive this promotional rate. Other restrictions may apply. Drees Homes and First Equity Mortgage, Incorporated reserve the right to modify and/or terminate the promotion at any time. First Equity Mortgage, Incorporated is a wholly owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Ft. Mitchell, KY 41017. Contact your First Equity Mortgage, Incorporated loan officer for details.