**Advertised interest rate of 4.99% (7.808% APR) is valid only on firm, non-contingent purchase agreements accepted by Drees Homes in the Raleigh, NC area, November 1 - November 22, 2026, close by December 22, 2026, and financed with First Equity Mortgage Incorporated. 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 4.99% interest rate (7.808% APR), second year 5.99% interest rate (7.808% APR), then 6.99% interest rate (7.808% 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 FHA loan for an owner-occupied home with a sales price of $550,000, 680 credit score and 3.5% down payment. Subject to standard qualifications and credit approval. 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 Incorporated to purchase a Drees Home; however, they must use First Equity Mortgage Incorporated to receive this incentive. First Equity Mortgage Incorporated, an Equal Housing Lender licensed by the North Carolina Office of the Commissioner of Banks, License #L-116414, 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. NC Certified Building Contractor, License #39440.