Rate Drop - Lock in at 4%
September 19, 2022
Summit and Silverton Mortgage are committed to helping people find their next home, regardless of the market. With interest rates quickly going up and expected to continue to rise, we wanted to find a way to offer our buyers some peace of mind. Get ready to go back in time when rates were low!
We've got the deal of a lifetime. Here's how it works:
- Claim one of our move-in-ready homes and close by November 30, 2022.
- Use Silverton Mortgage and lock in a 30-year mortgage at 4%*.
- Get up to $3,000 to help cover closing costs.
Move in and enjoy the bliss of new homeownership, saving hundreds each month.
Yes, you read that correctly, a 4%* interest rate. That's almost HALF the current rate and will save you hundreds each month and thousands over the life of the loan.
Because of our Berkshire Hathaway affiliation and connection with Silverton Mortgage, we are able to offer this amazing opportunity to help you achieve homeownership. Summit Homes celebrated its 20-year anniversary, and we're in this for the long haul, regardless of the market. Our goal will always be to provide the metro with exceptional communities and innovative homes with our focus on the customer experience. We believe that by offering this lower-rate opportunity, we can continue to grow our Summit family and give them the best home-buying experience.
Don't wait - we have limited availability. We have homes all over the metro, with over 25 different floorplans in the best communities. Start your search to find your perfect home, take advantage of this deal of a lifetime and be in your new home by the holidays!
*Limited time offer available on select move-in ready homes for qualified contracts accepted after September 22, 2022. Buyer must close on the purchase of home by November 30, 2022. Available on full-price offers only when financing with Seller's preferred lender (Silverton Mortgage) to secure offer. Subject to qualifications, lender requirements, and program availability. Cannot be combined with any other offers with the exception of the $3,000 closing cost incentive through Silverton Mortgage. Not available in close out communities including North Park Village, Foxwood Ranch – Care-Free, Ridgewood Place at Chapman Farms, Hawksbury and Northfield Village. Subject to change without notice.
ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.
*Contract must be signed between 9/22/22 and 11/5/22. Loan must close before 11/30/22. All terms and conditions subject to credit approval, market conditions and availability. Silverton Mortgage has locked in a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires.**Contact your Summit Homes Sales Manager for a list of eligible homes.***Example of 95% LTV (5% Cash Down) Conventional Loan Program with $300,000 sales price. $285,000.00 loan amount - 30-year fixed rate loan with no discount points based on 360 monthly payments at $1,360.63 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. 5% cash down payment of $15,000 required. Example assumes 740 credit score and includes $1,295 origination fee, 4.304% APR, and 4.00% interest rate as of 9/22/2022. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state."
Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and is subject to change without notice. 09/2022