First-Year 3.875% Rate* / 5.6272% APR* FHA Loan
For a limited-time, you can secure first-year 1/0 buydown rates as low as 3.875%* / 5.6272% APR* on a 30-year FHA loan through M/I Financial, LLC for select Quick Move-In homes that can close by June 30th, 2025.* This is your chance to lock in an incredible rate and get you one step closer to home ownership.
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Now for a limited time, we're offering unbelievably low rates.
Take advantage of our 1/0 rate buydown offering on a 30-year fixed-rate FHA loan or a 30-year fixed-rate conventional loan on select homes that can close by June 30th, 2025.
Details about this rare offering through M/I Financial, LLC includes:
1/0 rate buydown on a 30-year fixed-rate FHA loan on select Quick Move-In homes:*
- Year 1: 3.875% Rate / 5.6272% APR
- Year 2-30: 4.875% / 5.6272% APR
1/0 rate buydown on a 30-year fixed-rate conventional loan on select Quick Move-In homes:**
- Year 1: 4.875% Rate / 6.1022% APR
- Year 2-30: 5.875% / 6.1022% APR
Wait, there's more!
- Receive up to $10,000 in paid closing costs with the use of M/I Financial, LLC***
This opportunity won't last long—contact us today to learn how you can save hundreds on your monthly payments!
*The interest rate of 3.875% is based on a 30-year fixed-rate FHA loan with a 1/0 buydown on a sales price of $414,508 and a $400,000 loan amount. The 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 are required. The interest rate is temporarily reduced to 3.875% for year 1 and 4.875% for years 2-30. The ANNUAL PERCENTAGE RATE is 5.6272%. The program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not include homes or townhomes in Andelina Farms. Promotion does not apply to cancellations, rewrites, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. The 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 June 30, 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 interest rate of 4.875% is based on a 30-year fixed-rate conventional loan with a 1/0 buydown on a sales price of $414,508 with a loan amount of $331,606. A 20% down payment and a minimum credit score of 720 are required. The interest rate is temporarily reduced to 4.875% for year 1, 5.875% for years 2-30. The ANNUAL PERCENTAGE RATE is 6.1022%. The program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not include homes or townhomes in Andelina Farms. Promotion does not apply to cancellations, rewrites, or transfers. The seller’s contribution is limited to agency limits, which depend on the loan program and LTV. The 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 June 30, 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.
***Offer valid on select Quick Move-In homes in Metro Detroit that can close by June 30th, 2025. The total contribution is not to exceed a maximum of $10,000. "Closing Costs" exclude prepaid items such as taxes, insurance, and escrows. The seller's contribution is limited to agency limits, which depend on the loan program and LTV. The buyer is responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. $10,000 in closing costs covers all closing costs up to $10,000 and is only available when financing through M/I Financial, LLC (NMLS #50684). Offer is subject to change without notice. The offer is not available for renegotiation on existing contracts. The offer does not include homes or townhomes in Andelina Farms. Exclusions apply. Contact an M/I Homes New Home Consultant for complete details.
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Ask about current properties or more details about this incentive, or call (248) 836-4526