4.25% locked interest rate
for the first year
Buyer must go under contract and close between 8/29/24 through 11/29/24.
This program is community and inventory specific.
See Sales Consultant for details.
*Burkentine Builders is not acting as a mortgage broker or lender and does not have an affiliated business arrangement with Embrace. Offer available on a pool of limited funds available only from Embrace Home Loans, Inc. For Burkentine's Homes Quick Move-In homes contracted and closed between 8/29/2024 to 11/29/2024 Financing offer provided by Embrace Home Loans, Inc. (NMLS#2184), 25 Enterprise Center, Middletown, RI 02842, whose agent Marty Scovitch NMLS #144260 is available by phone at 301-641-6000 email at mscovitch@embracehomeloans.com or at at www.embracehomeloans.com [embracehomeloans.com]. Buydown Scenario based on a FHA 30-year fixed rate mortgage loan with a 3.5% down payment and a permanent buy down feature with a base interest rate of 5.25% Apr 5.44% for the life of the loan and a first year lender paid 1-0 buydown with a rate of 4.25% for the first 12 months with payments from $1449 the first 12 months, and $1758 principal and interest per month for the remaining 348 months. Scenario assumes a sales price of $300,000 and a loan amount of $294,556 with a $10,500 down payment. No pre-payment penalty applies. Monthly payment includes principal and interest only. Estimated taxes, homeowners insurance, and monthly mortgage insurance are not included due to varying property locations. Any other fees such as HOA is not included and will result in a greater monthly payment amount. Embrace Home Loans' offer is available for Conforming, FHA, VA, and USDA transactions only. Minimum 640 FICO required, additional adjusters may be required based off credit profile. Loan amounts must meet conforming loan limits and borrower must set up a tax and insurance escrow account. Must have a completed application in process with Embrace Home Loans by 11/10/2024 and close by 11/29/2024. Interest rates effective 8/29/2024 -11/29/2024 and are subject to change without notice. Buyer may obtain financing from any qualified lender, but this offer is only available from the lender named above. Burkentine Builders does not take mortgage applications and is not affiliated with Embrace Home Loans, Inc. Burkentine Builders does not require customers to obtain financing from Embrace Home Loans, Inc. or guarantee its products or services. This is not a commitment to lend. This offer is subject to underwriting guidelines, which are subject to change without notice, and is available only for owner-occupied homes. Homebuyers should consult with a mortgage broker or lender of their choice regarding mortgage loans and mortgage loan qualification. There is no financial affiliation or association between Burkentine Builders and any mortgage lender. Each entity is independent and responsible for its own products, services, and incentives. Pricing, features, and availability are subject to change without notice. See Sales Consultant for complete details.
