*Up to $50,000 incentive is valid on firm, non-contingent purchase agreements in select Houston communities accepted between October 1 - November 22, 2026, when buyer finances with First Equity Mortgage, Inc. Sale of quick move-in homes must close by December 22, 2026. Promotion may be used towards Drees Design Center credit, price reduction and financing with First Equity Mortgage Inc. on select build-to-order floor plans. Promotion may be used towards financing with First Equity Mortgage Inc. on quick move-in homes. Amount of incentive varies by Drees community and floor plan. Subject to borrower qualification. Incentives exclude homes built by the Elevate by Drees Homes division. This incentive is not available with other promotions or discounts and is subject to change or withdrawal without notice. Incentive may not be substituted for cash.
**Up to $10,000 in closing costs is contingent on borrower financing their new home with First Equity Mortgage Inc. This promotion may not be substituted for any other promotion and may not be redeemed for cash vaule. Not all borrowers may qualify, subject to borrower qualification.
1Advertised interest rate of 4.625% (6.713% APR) is valid only on firm, non-contingent purchase agreements accepted by Drees Homes in the Houston 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 4.625% interest rate (6.713% APR), second year 5.625% interest rate (6.713% APR), then 6.625% interest rate (6.713% 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.
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. 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. 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.