*Advertised interest rate of 3.375% has a 6.18% Annual Percentage Rate (APR) and is valid only on firm, non-contingent purchase agreements for eligible, owner-occupied quick move-in homes accepted by Drees Homes between November 1-30 2025, that close by December 31, 2025, with First Equity Mortgage of Ohio, 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 3.375% interest rate (6.18% APR), second year 4.375% interest rate (6.18% APR), then 5.375% interest rate (6.18% 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 $400,000 loan amount of $386,000, 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 of Ohio, Incorporated to purchase a Drees Home; however, they must use First Equity Mortgage of Ohio, Incorporated to receive this promotional rate. Other restrictions may apply. Drees Homes and First Equity Mortgage of Ohio, Incorporated, reserve the right to modify and/or terminate advertised promotions at any time. First Equity Mortgage of Ohio, Incorporated is an equal housing lender licensed by the Virginia State Corporation Commission, License #MC2759, NMLS ID #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. Contact your First Equity Mortgage of Ohio, Incorporated loan officer for details.