Offer Available on Inventory Homes
Apply a $20,000 builder incentive* for a permanent rate buydown in addition to a 1-0 buydown from Highland HomeLoans for a lower rate on year 1.
Year One – 5.375%
Year Two – 6.3755% (Annual Percentage Rate of 6.963%)
4.04 Points Paid at Closing ($19,998)
View Available Homes
*All eligible sales must be original contracts with Highland Homes signed on or after 5/1/2024 and by 5/31/2024. Valid for inventory homes in the Austin area communities. Highland Homes to contribute up to $20,000 when Highland HomeLoans is used as the lender. Must apply for a loan with Highland HomeLoans, LLC within 10 days of entering your contract and must close and fund that loan by 12/21/24 to qualify. Amount dependent on third party loan contribution limits. Incentive can be used towards title policy, closing costs, discount points to buy down the rate, reducing the sales price of the home, and/or pre-paids. BuyDown 1-0 Option will be paid by Highland HomeLoans. Rate discount applies only to first year. Builder/Lender offer only valid for Highland Homes inventory homes in the Austin area communities. Additional restrictions may apply. Certain loan programs do not allow buydowns. Savings will be reflected on the Closing Disclosure. This is not a commitment to lend, availability subject to change without notice or prior obligation. Cannot be combined with any other offer. Exclusions apply. See Highland HomeLoans loan officer for details. Highland Homes and Highland HomeLoans reserve the right to change or cancel this promotion at any time. All rights reserved. Purchaser is free to choose his or her own lender, but will not be eligible for builder/lender offer unless Highland HomeLoans is used as the lender.
**Scenario uses a 1-0 temporary buydown with a conventional 30 year mortgage, down payment of 10%, and a loan amount of $495,000. Interest rate is 5.375% for the first year with a monthly payment of $2,899.74 and 6.375% for the second year at cost of 4.04 points ($19,998) paid at closing with builder incentive with a monthly payment of $3,216.04 which will continue for the life of the loan thereafter. A credit score of 740+ was used. Rates pulled 4/18/24, rates subject to change. The payments shown are principal, interest, and MI only and do not include amounts for taxes and insurance premiums (if applicable). The actual payment obligation will be greater.
1) All eligible sales must be original contracts with Highland Homes signed on or after 5/1/2024 and by 5/31/2024. Valid for new build homes in the Austin area communities. Highland Homes to contribute up to $20,000 when Highland HomeLoans is used as the lender. Must apply for a loan with Highland HomeLoans, LLC within 10 days of entering your contract. Amount dependent on third party loan contribution limits. Incentive can be used towards title policy, closing costs, discount points to buy down the rate, reducing the sales price of the home, and/or pre-paids. Builder offer only valid for Highland Homes new build homes in the Austin area communities. Additional restrictions may apply. Savings will be reflected on the Closing Disclosure. This is not a commitment to lend, availability subject to change without notice or prior obligation. Cannot be combined with any other offer. Exclusions apply. See Highland HomeLoans loan officer for details. Highland Homes reserves the right to change or cancel this promotion at any time. All rights reserved. Purchaser is free to choose his or her own lender, but will not be eligible for builder offer unless Highland HomeLoans is used as the lender.
©2024 Highland HomeLoans (NMLS: 124684). All loans subject to credit approval. Rates and fees subject to change. Equal Housing Lender. Highland HomeLoans is a subsidiary of PlainsCapital Bank and exempt from mortgage banker licensing in TX. Highland HomeLoans is an affiliated business arrangement between Highland HomeLoans Ventures, LLC (HHLV), and PrimeLending Ventures Management, LLC. HHLV is affiliated with Highland Homes, LLC.