*Financing incentives available on select move-in ready homes at Bear Creek Glen with a signed, non-contingent purchase agreement approved by Drees between October 1-31, 2024 and close by November 30, 2024 with First Equity Mortgage, Inc., an Equal Housing Lender, licensed by the Tennessee Department of Financial Institutions, License #109228, NMLS #21157 (www.nmlsconsumeraccess.org). Buyer is not required to finance through First Equity Mortgage Inc. to purchase a Drees Home; however, they must use First Equity Mortgage Inc. to receive this limited-time low rate incentive.
The rate described is available using a 2-1 buydown on a 30-year conventional fixed rate mortgage. During the first year, borrower payments will be based on a 3.00% interest rate (5.771% APR Annual Percentage Rate, or APR), second year 4.00% interest rate (5.771% APR), then 5.00% interest rate (5.771% APR) for the remaining 28 years; which is the Note rate of the loan for the full term. The APR does not consider any other loan specific finance charges you may be required to pay. 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. Contact your First Equity Mortgage Inc. loan officer for details. Rates, terms and conditions are subject to change or withdrawal without notice. First Equity Mortgage Inc. 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 Inc. loan officer for details.