Special Offers

For example, on an FHA 30-year loan, with a sales price of $425,000, loan amount of $417,302, a 3.5% down payment, closing fees of $7,950, a 740 FICO score, with a note rate of 6.75% (7.704% APR), the monthly buydown principal, interest, and mortgage insurance payments are as follows: Year 1 – payment of $2,363.50 calculated at 4.75%; Year 2 – payment of $2,622.14 calculated at 5.75%; Year 3-30 – pFor example, on an FHA 30-year loan, with a sales price of $425,000, loan amount of $417,302, a 3.5% down payment, closing fees of $7,950, a 740 FICO score, with a note rate of 6.75% (7.704% APR), the monthly buydown principal, interest, and mortgage insurance payments are as follows: Year 1 – payment of $2,363.50 calculated at 4.75%; Year 2 – payment of $2,622.14 calculated at 5.75%; Year 3-30 – payment of $2,893.68 calculated at 6.75% for the life of the loan. Example includes principal, interest, and mortgage insurance only. Does not include property taxes, hazard insurance, or HOA dues. An escrow account is created that the seller deposited money in to “buydown” the difference in the subsidized monthly payment amount and the note rate. Available on Landmark 24 Homes financed by Landmark 24 Mortgage with purchase contracts signed 4.24.2024, or later, and must close by 6/30/2024. This offer is available for a limited time on select properties and can be discontinued at any time without prior notice. The buydown option is not available for all loan programs or all loan amounts. Available for Landmark 24 Homes qualified home buyers. Contact your MLO for current pricing. Example terms available as of 4/22/2024. Home buyers can refinance their new home with Landmark 24 Mortgage between 6-24 months from their home’s purchase, and not have to pay any lender fees associated with the refinance. Zero.