Low Interest Rates on Conventional Loans

May 1, 2024  |  Finance Info, Floorplans, Florida Living

Holiday Builders has a compelling offer for qualified buyers on select Cornerstone collection homes. Qualified buyers will receive a 5.99% fixed interest rate* | 6.206% APR + $5,000 toward closing costs on a conventional loan when financing with our lending partner Coastal Loans. Select homes eligible for this low-rate financing are located in Windswept Estates in Freeport, and Cadence Place, Sanborn Hill, and Airway Oaks in Milton, Florida.

Windswept Estates

A premier gated golf course community, Windswept Estates features a golf course, community pool, clubhouse, a basketball court, two tennis courts, and a playground. Plus, it’s less than a half hour to Santa Rosa Beach. There are two qualifying homes in Windswept Estates: 43 Birdie Court, Freeport, FL, $562,338, and 47 Birdie Court, Freeport, FL, $512,699.
For additional information, contact Robert Brill, New Home Consultant at 850-737-4232 or Scott Pennybaker, New Home Consultant at 941-704-1003.

Cadence Place

Cadence Place in Milton is a cozy community of just 50 homesites located minutes from Historic Downtown Milton, Whiting Field and the new Publix Shopping Center. There is a country-like setting emphasized by deep lots allowing homesites to have plenty of room for outdoor entertaining. 6161 Carson Drive, Milton, FL, $411,407 and 6216 Carson Drive, Milton, FL, $375,971. For more information contact Raquel Thom, New Home Consultant at 210-997-8356.

Sanborn Hill

Sanborn Hill is a small neighborhood just off of Hamilton Bridge Rd at the edge of Milton and Pace. It features spacious ½ acre homesites with stunning floor plans to enjoy a peaceful country lifestyle. While convenient to all shopping, dining and entertainment, it feels more like living in the country. Large oak trees remain on the property, and it is quiet and peaceful without all the sounds of the city. With the Pea Ridge connector just around the corner, you can be in the retail center in minutes. This provides convenient access to Hwy 90 which connects you to Milton, Pace and Pensacola. It is only 45 minutes to the beautiful beaches of the Emerald Coast. For our military families, it is only 10 minutes to Whiting Field and about 40 minutes to NAS Pensacola. Santa Rosa County schools are some of the best in FL and with the growth around this area, new schools are opening. For boating pleasure, Blackwater River is just minutes away along with Downtown Milton with numerous entertainment and dining options. Adventures Unlimited provides kayaking on the Blackwater as well as zip line activities. Bands on the Blackwater in the summer is great family entertainment along the riverbanks downtown. With companies such as Amazon moving into the industrial park, opportunities abound. Come make Sanborn Hill your home and enjoy the Holiday lifestyle in beautiful Milton, FL.The select homes in Sanborn Hill are 5025 Sanborn Drive, Milton, FL, $466,557 and 5033 Sanborn Drive, Milton, FL, $459,557. For more information contact Richard Forsman, New Home Consultant at 850-860-2906.

Airway Oaks

Charming Airway Oaks is a new home community in Milton. The neighborhood is convenient to Naval Air Station Whiting Field and Downtown Milton. The oldest brick highway known as the Old Spanish Trail, is just a 1/2 mile from Airway Oaks and is popular for hikers and cyclists. The select home eligible for the low interest rate is 7756 Piper Circle, Milton, FL, $393,190. For more information, call or text Josh Tarr, New Home Consultant at 850-819-1175.

Coastal Loans works exclusively with Holiday Builders’ customers. To learn more about Coastal Loans, visit CoastalLoans.net.

**Coastal Loans, LLC NMLS# 2240882. Equal Housing Lender. Coastal Loans, LLC, a partnership with FBC Mortgage, LLC NMLS# 152859 and Holiday Builders. All products are subject to credit and property approval. Programs, rates, program terms and conditions are subject to change without notice. Not all products are available in all states for all amounts. Other restrictions and limitations apply. *Scenario is an estimate only and is based on a 720 FICO score on a 30-year (360 months) Conventional fixed-rate mortgage at a sales price of $400,000.00, minimum 5% down, 95.0% LTV, loan amount of $380,000.00, rate of 5.99%, and APR of 6.206%, which would result in a principal and interest payment of $2,275.85. The 5.99% rate is based on a builder paid forward commitment to buy down the market rate, plus 1.5 discount points (1 point = 1% of loan amount) to be paid by either the borrower or seller. The forward commitment is available on conventional loans only and is subject to availability of funds, which is confirmed with a full loan approval and rate lock in. Offer valid for select homesites for new contracts written on homes that can close by 07/10/2024; see your builder representative for further details on expiration terms and available homesites. Builder offer terms subject to change without notice. Payment scenario does not include property taxes, homeowners Insurance, mortgage insurance and HOA fees (if applicable) and the actual payment obligation may be greater. When electing to finance through Coastal Loans, LLC, Holiday Builders will contribute a $5,000 credit toward closing costs. Credit will be applied at closing, on loans closed with Coastal Loans, LLC only. Credit may not exceed the actual closing costs amount. Please see a Coastal Loans, LLC or Holiday Builders representative for information on costs covered under the closing costs credit offer. Borrower is not required to finance through Coastal Loans, LLC but must use them to receive the forward commitment and closing cost incentives. See a Holiday Builders representative for details. This is not a commitment to lend. Coastal Loans, LLC is not acting on behalf of or at the direction of Fannie Mae. Prices, terms availability, features, amenities, specifications, plan dimensions and design vary per plan and are subject to change or substitution without notice. Copyright ©2024 Holiday Builders.

This post was written by Tina Suiter.