Let You Savings Bloom with Low...
Let You Savings Bloom with Lower Mortgage Rates
Spring is the perfect season for new beginnings and there's no better time to plant your roots in a Parkside Builder's home. When you purchase a new home and finance through Silverton Mortgage, you can take advantage of special incentives designed to help your savings bloom.
With our limited time 3-2-1 Buydown Program, your mortgage rate starts lower and gradually increases over the first three years before locking into the fixed rate for the remainder of your loan, helping make your first years of homeownership more affordable.
For example, a 3-2-1 buydown could look like this:
- Year 1: 3.75% rate - Estimated monthly payment: $1,241.15
- Year 2: 4.75% rate - Estimated monthly payment: $1,563.98
- Year 3: 5.75% rate - Estimated monthly payment: $1,658.98
- Year 4-30: 6.75% rate - Estimated monthly payment: $1,738.24
Illustration based on a $335,000 home with 20% down.
Builder funded incentives like this can often provide more meaningful savings than traditional closing cost assistance by helping buyers ease into their mortgage payments.
Whether you are purchasing your first home or starting a new chapter, these spring incentives make it easier to move forward with confidence!
Be sure to ask about additional rate incentives available through Parkside Builders and Silverton Mortgage.
