Special Financing Offer on Select Homes

October 4, 2023  |  Finance Info

Holiday Builders is offering a 4.99% fixed interest rate* on FHA, VA, and USDA mortgages, using our lending partner, Coastal Loans. The offer is good for qualified buyers* on select homes. Buyers must meet minimum credit score criteria and homes must close by 5/31/24. Select homes eligible for the special finance rate are located in the following areas. Click on the links to see all homes for sale in the areas specified. Please note that the rate does not apply to all homes listed in the link so be sure to ask your Holiday Builders’ New Home Consultant for details.

FLORIDA

Poinciana
Micco – The Lakes at St Sebastian
Palm Bay
Palm Coast
Edgewater
Citrus Springs
Ocala
Sebastian Highlands
Port Charlotte
Freeport
Milton
Gulf Breeze
Navarre
Pace

ALABAMA

Foley

* *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 640 FICO score on a 30-year (360 months) FHA fixed-rate mortgage at a sales price of $329,990.00, 3.5% down, 96.5% LTV, loan amount of $318,440.35 (plus up-front mortgage insurance premium), rate of 4.99%, and APR of 5.911%, which would result in a principal and interest payment of $1,737.39. 4.99% rate is based on a builder paid forward commitment to buydown 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 government 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 5/31/2024; 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 and HOA fees (if applicable) and the actual payment obligation may be greater. Borrower is not required to finance through Coastal Loans, LLC but must use them to receive the forward commitment incentive. 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 FHA/HUD/VA or the federal government. 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.