Limited-Time, Below-Market Rates

 

**The rate 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 minimum down payment of 3.5% and credit score of 640 are required. The interest rate is 3.875% and applies to a 30-year fixed rate FHA loan. The ANNUAL PERCENTAGE RATE is 4.6170%. Program is available on select homes only. 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. This applies to new contracts only and buyer must make a loan application within 48 hours of contract signing and must close by December 31, 2024.  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. Financing is offered through M/I Financial, LLC (NMLS# 50684). Restrictions do apply.

 

***Paid closing costs may vary per home and applies to buyer's costs, including allowable closing costs, prepaids, and capital contribution fees up to 3% of the sales price (excludes discount points, future HOA dues and fees from home inspections, radon inspections, or any other purchase-related transaction fee). The purchaser is responsible for closing costs in excess of this contribution. The seller's contribution is limited to lender limits of 3% to 6% (depending on the percentage of down payment and loan program selected). The buyer/purchaser is responsible for any down payment required by the loan program guidelines and any upfront mortgage insurance premiums. See NHC for specific community incentives. Paid closing costs vary by community and is only available when financing through M/I Financial, LLC (NMLS #50684).

 

†The 4.875% interest rate is valid on inventory contracts on homes that can close by December 31, 2024. The interest rate as of 9/26/2024 at 3:00 p.m. CST is 4.875% with a 30-year Conventional fixed-rate mortgage. The ANNUAL PERCENTAGE RATE is 5.253% and is based on a sales price of $550,00 with a loan amount of $495,000. Buyer must make loan application within 48 hours of contract signing by 10/15/2024, and must close by December 31, 2024 or once the home is complete. The buyer must occupy the property and meet all qualification requirements of the program. The seller’s contribution is limited to agency limits which depend on the loan program and LTV. Payments are based on a minimum 720 credit score. Below-market rate as compared to the weekly Freddie Mac Primary Mortgage Market Survey. The advertised rate is for a limited time and is subject to change without notice. Other financing programs may be available with as little as 3.5% down. Financing is offered through M/I Financial, LLC (NMLS# 50684). Available on new business only to new customers not currently under contract with M/I Homes. Available on advertised price only. Cannot be combined with any other advertised M/I Financial, LLC incentive. The advertised rate is for a limited time and is subject to change without notice until locked with M/I Financial, LLC. Please see a New Home Consultant for more information and details.