First-Year Rates as Low as 2.875% / 5.632% APR (FHA)* and 3.875% / 5.9398% APR (Conventional)**
For a limited time, you can secure first-year rates as low as 2.875% Rate* / 5.632% APR* with a 2/1 buydown a 30-year fixed FHA mortgage or 3.875% / 5.9398% APR** on a 30-year conventional mortgage. These temporary 2/1 mortgage rate buydowns are available for select homes that can close by January 31st, 2025.*
Current Offer on Select Homes:
For a limited time, lock in a 2/1 mortgage rate buydown on select Quick Move-In homes.* This program is offered through M/I Financial, LLC, and is exclusively for new contracts that can close by January 31, 2025.
Select Quick Move-In Home Offers Include:
✓2/1 Rate Buydown on a 30-year FHA fixed-rate mortgage:*
- Year 1: 2.875% Rate* / 5.632% APR*
- Year 2: 3.875% Rate* / 5.632% APR*
- Years 3–30: 4.875% Rate* / 5.632% APR*
✓ 2/1 Rate Buydown on a 30-year conventional fixed-rate mortgage:**
- Year 1: 3.875% Rate** / 5.9398% APR **
- Year 2: 4.875% Rate** / 5.9398 % APR**
- Years 3–30: 5.875% Rate** / 5.9398% APR**
✓Plus, Paid Closing Costs up to $30,000 on select Quick Move-In homes***
This is one of the most competitive rates available and won't last long!
M/I Homes has quality homes built to last throughout the Tampa Bay area. Contact our team today to schedule your appointment.
*The payment is based on a $414,507 sales price with a $400,000 loan amount. Financed amount is $407,000 which includes the FHA UFMIP of 1.75%. A 3.5% down payment and a minimum credit score of 640 is required. The interest rate applies to a 30-year FHA loan with a 2/1 buy-down. The interest rate is temporarily reduced to 2.875% for year 1, 3.875% for year 2, and 4.875% for years 3–30. The ANNUAL PERCENTAGE RATE is 5.632%. Program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply cancellations, re-writes, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. Buyer must occupy the property as their primary residence and meet all qualification requirements of the program. The buyer must make a loan application within 48 hours of contract signing and must close by January 31, 2025. Other financing programs may be available with as little as 5% down. The rate is subject to change without notice and is not guaranteed until locked with M/I Financial, LLC. Maximum allowable FHA county loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply.
**The payment is based on a $421,053 sales price with a $336,842 loan amount. A 20% down payment and a minimum credit score of 720 is required. The interest rate applies to a 30-year Conventional Loan with a 2/1 buy-down. The interest rate is temporarily reduced to 3.875% for year 1, 4.875% for year 2, and 5.875% for years 3–30. The ANNUAL PERCENTAGE RATE is 5.9398%. Program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply cancellations, re-writes, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. Buyer must occupy the property as their primary residence and meet all qualification requirements of the program. The buyer must make a loan application within 48 hours of contract signing and must close by January 31, 2025. Other financing programs may be available with as little as 5% down. The rate is subject to change without notice and is not guaranteed until locked with M/I Financial, LLC. Conforming Conventional loan limits apply. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply.
***This offer is available on select Quick Move-In homes that can close by December 31, 2024. Buyer to receive up to $30,000 in Paid Closing Costs (when the buyer selects M/I Financial, LLC). "Closing Costs" applies to buyer's costs, including lender fees, title fees, prepaid escrows, and 3rd-party fees. Buyers are responsible for buyer's portion of prorated HOA fees and/or dues. The seller's contribution is limited to agency limits of 3% to 6% (depending on percentage of the down payment and loan program). The buyer will be responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. The full amount of Closing Costs and rate buy down are only available when buyers use M/I Financial, LLC (NMLS# 50684). If the amount of the offer tied to the use of M/I Financial, LLC exceeds 3% of the base price of the home, then such offer amount will only be reduced to equal 3% of the base price. In addition, any purchaser, including a purchaser not obtaining a qualifying loan through M/I Financial, LLC, may receive a credit at closing for the balance of the offered incentive. Incentives and availability vary by community and are subject to change without notice. See an M/I New Home Consultant for details. Offer expires 12/31/2024 and may not be combined with other offers or incentives.
†No mortgage payment until 2025 is valid on loans that close by December 2024.
Have questions for us?
Ask about current properties or more details about this incentive, or call (813) 331-5888