3.99% (6.77% APR)†
First-Year Rate
FHA 30-Year Fixed with 2/1 Buydown Program
Limited Time Only on Select Homes
For a limited time on select quick move-in homes, StoryBook Homes is offering reduced interest rates for the first two years of your 30-year fixed-rate FHA loan and then a locked interest rate starting with year three for the remaining loan term. This offer is only available on homes that close by December 31, 2024, so take advantage of this great rate now.
YEAR 1
3.99%
(6.77% APR)
(6.77% APR)
YEAR 2
4.99%
(6.77% APR)
(6.77% APR)
YEARS 3-30
5.99%
(6.77% APR)
(6.77% APR)
Discover the StoryBook Homes FHA 2/1 Buydown Program and give yourself one more reason to make your next move.
EXAMPLE: 2/1 BUYDOWN PROGRAM SAVINGS
Loan Type: FHA 30-Year Fixed
Note Rate: 5.99% (6.77% APR)
Loan Amount: $441,844
YEAR 1
RATE
3.99%
(6.77% APR)
(6.77% APR)
PAYMENT
$2,106.88/mo.
SAVINGS
WITH REDUCED RATES(vs. 5.99% Note Rate)
$539.36/mo. = $6,472.32/yr.
(Year 1 vs. Year 3 - 30)
(Year 1 vs. Year 3 - 30)
YEAR 2
RATE
4.99%
(6.77% APR)
(6.77% APR)
PAYMENT
$2,369.21/mo.
SAVINGS
WITH REDUCED RATES(vs. 5.99% Note Rate)
$277.03/mo. = $3,324.36/yr.
(Year 2 vs. Year 3 - 30)
(Year 2 vs. Year 3 - 30)
YEARS 3-30
RATE
5.99%
(6.77% APR)
(6.77% APR)
PAYMENT
$2,646.24/mo.
SAVINGS
WITH REDUCED RATES(vs. 5.99% Note Rate)
Total Savings = $9,796.68
(First Two Years)
(First Two Years)
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