Receive a 2/1 FHA temporary buydown with a first-year rate as low as 4.99% when you purchase select homes in the Charlotte area when using Mutual of Omaha Mortgage.
Financing up to 100% available through a combination of a standard FHA-insured first mortgage (96.5% loan-to-value) and a repayable second mortgage covering the required 3.5% down payment. Program available to qualified borrowers only. Not all applicants will qualify. Loan approval is subject to FHA guidelines and lender underwriting requirements, including but not limited to credit, income, and property qualifications. This is not a commitment to lend. Program terms, conditions, and availability are subject to change without notice. Borrower may still be responsible for closing costs, prepaid items, and escrow reserves. Mortgage insurance is required on FHA loans. Additional restrictions may apply.
Buydown details: Temporary buydown funded by repayable second lien. First mortgage is a 30-year FHA fixed rate at 6.99%, with a 2-1 temporary buydown applied: Special FHA financing rate of 4.99% first year (P&I approximately $2143); 5.99% second year (P&I approximately $2397) and 6.99% (P&I approximately $2658) fixed for remainder of term. Offer is paid for by Eastwood Homes and Mutual of Omaha. Offer is available for select Eastwood Homes that contract on or after 5/16/2024 for a limited time and is subject to change without notice. Interest rate based on 30-year FHA loan with a $400,000 purchase price and full financing. Payment estimates are for principal and interest only. Actual monthly payment will be higher and includes taxes, insurance, and mortgage insurance premium (MIP). Program requirements: FHA insured with 96.5% LTV first lien and repayable second mortgage for 3.5% down payment and buydown funds. Available for primary residences only. Not all applicants will qualify. Subject to credit, income, and property guidelines. Buyer may be responsible for closing costs, prepaid expenses, and escrow reserves. Programs, terms, and rates subject to change without notice. This is not a commitment to lend. Equal Housing Lender. Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. For customer service please call 1-833-721-1001 or email [email protected] primary residence, and financing must be obtained through Mutual of Omaha Mortgage.
Features, amenities, floor plans, elevations, square footage, specifications, and prices vary per plan and community and are subject to changes or substitution without notice. See an Eastwood Homes New Home Specialist for details. Stated square footages are approximate and should not be used as representation. Eastwood Homes and the Eastwood Homes logo are registered trademarks or trademarks of Eastwood Homes. All rights reserved.
