*Advertised interest rate of 4.99% has a 5.749% Annual Percentage Rate (APR) is valid only on firm, non-contingent purchase agreements for eligible, owner-occupied quick move-in homes in the Talia community, accepted by Drees Custom Homes between August 1 - August 31, 2025, and close by September 30, 2025, with First Equity Mortgage Inc. Rate is based on an FHA 30-year fixed rate mortgage on an owner-occupied one-unit home with a sales price of $550,000, 680 credit score and 5% down payment. The APR does not consider any other loan specific finance charges you may be required to pay. FHA fixed rate loans only; conventional, conventional high balance, VA, USDA, adjustable rate and jumbo loans are excluded. Subject to full credit approval. Availability of advertised rate is limited and is on a first come, first serve basis and only available until commitment pool is filled. Some buyers may not qualify for this loan or this rate. Homes build by the Elevate by Drees Custom Homes division do not qualify. Subject to standard qualifications and credit approval. This promotion may not be combined with any other incentives.
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., an Equal Housing Lender licensed by the Texas Department of Savings and Mortgage, License #SML; NMLS #21157 (www.nmlsconsumeraccess.org), to receive incentive. First Equity Mortgage Inc. is a wholly owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Fort Mitchell, KY 41017. Equal Housing Lender. Contact a First Equity Mortgage loan officer for details.
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 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at www.sml.texas.gov.