Limited-Time 1/0 Buydown With First-Year FHA Rates as Low as 4.375%* / 6.1337% APR*
February 1 - 16, 2025
For a limited time, secure a 1/0 buydown with first-year rates as low as 4.375%* / 6.1337% APR* on a 30-year FHA loan or a 5.375% Rate** / 6.4411% APR** on a 30-year Conventional loan through M/I Financial, LLC.
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Built for more living and flexibility, for amateur chefs and future world-class athletes. For new beginnings, low-maintenance, and great neighborhoods, Quick Move-In homes or a guided homebuilding journey.
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Built for you, by your neighbors, for nearly fifty years, by One of the Nation’s Leading Homebuilders.
For a limited time, through M/I Financial, LLC, you can secure a 1/0 buydown with first-year rates as low as 4.375% Rate / 6.1337% APR* on a 30-year FHA loan or a 5.375% Rate / 6.4411% APR** on a 30-year conventional loan.
- 1/0 buydown on a 30-year FHA mortgage*
- Year 1: 4.375% Rate / 6.1337% APR
- Year 2-30: 5.375% Rate / 6.1337% APR
- 1/0 buydown on a 30-year Conventional Mortgage**
- Year 1: 5.375% Rate / 6.4411% APR
- Year 2-30: 6.375% Rate / 6.4411% APR
Or if you purchase a home all homes that close after April 30th, 2025 (including To-Be-Built homes) will receive 5% of their base price to use with M/I Financial, LLC***
Our team of experts is ready to assist you with the home buying process from start to finish. Contact us today to learn more about these exclusive offers!
*The interest rate is based on a 30-year fixed-rate FHA loan with a 1/0 buydown and based on a $414,508 sales price with a $400,000 loan amount. The financed amount is $407,000 including the FHA UFMIP of 1.75%. A 3.5% down payment and a minimum credit score of 640 is required. The interest rate is temporarily reduced to 4.375% for year 1, and 5.375% for years 2–30. The ANNUAL PERCENTAGE RATE is 6.1337%. Program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply to 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 program qualification requirements. Buyer must make a loan application within 48 hours of contract signing and must close by April 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 is based on a 30-year fixed-rate conventional loan with a 1/0 buydown. The sales price is $414,508 with a loan amount of $331,606. A 20% down payment and a minimum credit score of 720 is required. The interest rate is temporarily reduced to 5.375% for year 1 and 6.375% for years 2-30. The ANNUAL PERCENTAGE RATE is 6.4411%. This program is available on selected Quick Move-In homes and applies to new contracts only. Promotion does not apply to 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 April 30th, 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.
***The buyer is to receive up to 5% of the home’s base price to use with M/I Financial, LLC, on any home purchased between February 1st and February 16th 2025. Buyer must use M/I Financial, LLC in order to qualify for this full incentive, as the first 3% is tied to using M/I Financial. Buyer must have a 10% or more down payment in order to receive the full 5% contribution with a conventional loan. Can be used towards a below-market rate, extended rate lock, 2-1 interest rate buydown, mortgage insurance buydown, and/or closing cost assistance. Buyer must submit loan application within 48 hours of writing the contract. Buyer must occupy the property and meet all the qualification requirements. Offer subject to change without notice. Available on new business only to new customers not currently under contract with M/I Homes. Financing is offered through M/I Financial, LLC (NMLS# 50684). Please see a New Home Consultant for more information and details.
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Ask about current properties or more details about this incentive, or call (512) 265-0288