Rates as low as 3.875% (4.055% APR)*
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*Conventional Loan: The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.189% and an estimated monthly interest-only payment of $1,833.10. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 4.875% with an APR of 5.085% and a monthly mortgage payment of $2,910.65. The disclosed APR is based on the payment of 1.75 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, conventional loan, $550,000 loan amount, 60% loan-to-value (LTV), and a minimum FICO score of 680 on a primary residence.
*Jumbo Loan: The advertised loan is for a 30-year Fixed Rate One-Time Close Jumbo Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.189% and an estimated monthly interest-only payment of $3,994.80. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 5.875% with an APR of 6.116% and a monthly principal and interest mortgage payment of $5,914.78. Your actual mortgage payment will be higher with taxes and insurance included. The disclosed APR is based on the payment of 1% origination points. The interest rate quoted assumes a refinance with 30-day lock pricing, jumbo loan, $1,000,000 loan amount, 75% loan-to-value (LTV), and a minimum FICO score of 740 on a primary residence.
*Stay in your home/Departing Residence: The disclosed APR reflects the payment of 1.75 discount points. The quoted interest rate assumes a purchase loan with a $550,000 loan amount, a 80% combined loan-to-value (CLTV) ratio, and a minimum FICO score of 680 for a primary residence. The builder is responsible for covering the interest-only payments until the issuance of the Certificate of Occupancy. The permanent financing advertised is a 30-year fixed-rate Conventional loan with an interest rate of 5.875%, an APR of 6.019%, and a monthly mortgage principal and interest payment of $3,253. The disclosed APR reflects the payment of 1.00 discount points. The quoted interest rate assumes a $550,000 loan amount, a 80% loan-to-value (LTV) ratio, and a minimum FICO score of 680 for a primary residence.
*VA Loan: This is a VA program. Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.454% and an estimated monthly interest-only payment of $1,833.10. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 3.875% with an APR of 4.055% and a monthly mortgage payment of $2,633.70. The disclosed APR is based on the payment of 1.75 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, VA loan, $550,000 loan amount, 100% loan-to-value (LTV), and a minimum FICO score of 660 on a primary residence.
*FHA Loan & First Time Home Buyers Rate: This is an FHA program. Please call your local HUD office to verify or visit their website at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing. The advertised oan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.921% and an estimated monthly interest-only payment of $1,583.13. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 3.875% with an APR of 4.055% and a monthly mortgage payment of $2,233.63. The disclosed APR is based on the payment of 1.75 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, FHA loan, $475,000 loan amount, 96.5% loan-to-value (LTV), and a minimum FICO score of 680 on a primary residence.
For these Promotional Rates, the actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective October 03, 2024 and are subject to change without notice. Must complete the pre-construction meeting within 30 days of the initial contract and loan close within 60 days of the initial contract. Cannot be combined with other offers.
**No-Cost Refinancing: 3rd party fees include lender fees, title fees, recording fees, and do not include discount points or taxes and insurance (and setting up impound accounts). The appraisal fee will be reimbursed as a line item credit to the borrower at closing.
Adair Financial Services LLC is an Equal Housing Lender NMLS #4586; 1311 SE Cardinal Court Vancouver, WA 98683. Corporate phone (360) 448-6077. Promotional Interest Rate(s) are available if the home is financed with Adair Financial Services LLC (NMLS #4586). You are free to finance your home purchase transaction with any lender you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase with Adair Financial Services LLC.
