A+ Living Spaces

Rates starting as low as 3.99% (6.055% APR)!

Looking to buy now?

During our A+ Living Spaces Sales Event, make a smart choice and take advantage of lower mortgage payments for two years with the 2-1 fixed rate buydown option from our preferred lender, First Equity Mortgage. It could save you thousands of dollars.

How does a 2-1 buydown work to finance your home? Your payments will be based upon an effective interest rate 2% lower than the original, locked-in rate in year one. In year two, your payments will be based on a rate that is 1% less. Sounds pretty good, right? Drees Homes is covering the difference between what your payment typically would be and the adjusted, bought-down rate when you contract to purchase a select quick move-in home between September 1 - September 30, 2024, and close by October 31, 2024. Don’t miss out!

3.99%

(6.055% APR)

Year 1

4.99%

(6.055% APR)

Year 2

5.99%

(6.055% APR)

Year 3

Looking to build?

Receive up to $50,000 in paid closing costs on select homes**

We have home financing solutions that pass every test. During our during our A+ Living Spaces Sales Event , the 2-1 buydown program is also available when you contract to build a new home between September 1 - 30, 2024. When purchasing a to-be-built home, the 2-1 buy down rate will be based on the current market rate at the time you lock in your mortgage rate. If the 2-1 buydown program isn’t right for your needs, you can apply up to $50,000 to assist with your closing costs when you purchase a build-to-order home in the Nashville area before September 30, 2024.**

*Example for a 2-1 buydown on a 30-year conventional fixed rate mortgage: in the first year, borrower payments will be based on a 3.99% interest rate (6.055% APR Annual Percentage Rate, or APR), second year 4.99% interest rate (6.055% APR), then 5.99% interest rate (6.055% APR) for the remaining 28 years. The APR does not consider any other loan specific finance charges you 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. 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 loan officer for details. Rates, terms and conditions are subject to change or withdrawal without notice.

The 2-1 buydown is valid on firm, non-contingent purchase agreements for eligible, owner-occupied, quick move-in homes on purchase contracts that have been accepted by Drees Homes between September 1 - September 30, 2024. Home must close with First Equity Mortgage by October 31, 2024. Excludes Elevate by Drees. The 2-1 buydown option is available for build-to-order homes where borrower payments for the first year will be based on an interest rate 2% below current market rate and the second year’s payments will be based on an interest rate 1% below current market rate. In the 3rd through 30th years, payments will be based on the original locked-in rate. The 2-1 buydown program may be combined with the DreesFreeze extended rate lock program and Flex Cash incentives, if available. Subject to buyer qualification.

Buyer is not required to finance through First Equity Mortgage to purchase a Drees Home; however, buyer must use First Equity Mortgage Inc., an Equal Housing Lender. Licensed by the Tennessee Department of Financial Institutions, License #109228, NMLS #21157, to receive the 2-1 buydown option. Other restrictions may apply. First Equity Mortgage, Incorporated is a wholly-owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Fort Mitchell, KY 41017. Equal Housing Lender.

See First Equity Mortgage loan officer for details.

**Up to $50,000 paid closing cost incentive is valid on firm, non-contingent purchase agreements accepted by Drees Homes between September 1-30, 2024, on build-to-order homes and select quick move-in homes in the Greater Nashville area when buyer finances with First Equity Mortgage, Inc., an Equal Housing Lender. Licensed by the Tennessee Department of Financial Institutions, License #109228, NMLS #21157. Subject to borrower qualification. Amount of incentive varies by Drees community and plan. Excludes townhomes and Design Gallery Homes. Incentive is not available with other promotions or discounts and is subject to change or withdrawal without notice. Other restrictions may apply. See your Drees market manager or First Equity Mortgage loan manager. First Equity Mortgage, Incorporated is a wholly-owned subsidiary of The Drees Company located at 211 Grandview Drive, Suite 102, Ft. Mitchell, KY 41017.