*Advertised interest rate of 6.49% has a 6.567% Annual Percentage Rate (APR). Incentive is valid only on firm, non-contingent purchase agreements for build to order homes accepted by Drees Homes between September 1 - September 30, 2025, that finance 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 a 270-day loan term lock. This 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. One-time rate float down option is only valid 30 days prior to closing. Subject to full credit approval. Some buyers may not qualify for this loan or this rate. Incentives exclude homes built by the Elevate by Drees Homes division.
**Advertised interest rate of 4.25% (6.325% APR) is valid only on firm, non-contingent purchase agreements for eligible, owner-occupied quick move-in homes accepted by Drees Custom Homes between September 1 - September 30, 2025, and close by October 31, 2025, 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 4.25% interest rate (6.325% APR), second year 5.25% interest rate (6.325% APR), then 6.25% interest rate (6.325% 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 $500,000, loan amount of $400,000, 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.
First Equity Mortgage Incorporated, is an Equal Housing Lender licensed by the Indiana Department of Financial Institutions, License #10900, 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 financing details.
