At the end of the day, our team at Riverside Homebuilders is constantly committed to ensuring that every individual who walks through our doors has the necessary resources available to them in order to make their homebuying process as easy and efficient as possible. With interest rates and affordability still a key topic of discussion throughout the new home construction industry, it’s prudent for all potential homeowners to look into all of the financial options that are accessible to them in order to find the one that best matches their needs. With this in mind, our team at Riverside Homebuilders began offering a few different incentive options that our homeowners could take advantage of, so read on to see which one could be perfect for you.
When you purchase a Riverside Homebuilders home and work with the team at Cross Country Mortgage to buy down your interest rate, you’ll be eligible for our 2-1 Rate Buydown incentive. With this offering, homeowners will have a 30-year fixed rate loan with options available to buy the interest rate down to as low as 3%, and the first few years of interest will be mainly supported by seller-paid contributions. Borrowers will be able to receive a below-market payment during the early years of the loan without affecting their 30-year interest rate that will deliver the security of a fixed-interest rate through the life of the loan. For more information on this offering, don’t hesitate to contact us at (817) 601-6230. A few additional benefits of this incentive include:
*The 2-1 buydown must be reflected in the sales contract’s additional terms stating the seller will pay the cost. A Buydown Agreement must be signed by the borrower, seller, and lender. The subsidized payment is part of an escrow account. Rates change daily. The 6.875% rate shown above is an example and subject to change. Not available on all loan programs and cannot be combined with other offers or credits. No cash value. Offer applies to all available homes and expires 12/31/22.
With our Rate Reducer Incentive, future homeowners will receive up to $12,000 that they can use toward closing costs, prepaids or rate buydowns—and the owner’s title policy will be included for homeowners as well. This incentive package is only accessible to homeowners who are using one of Riverside Homebuilder’s preferred lenders to purchase one of our available homes.
*Limited time only on available homes. Incentive package offered if using Riverside Homebuilders’ Preferred Lenders only. Seller to pay up to 3% in seller concessions not to exceed $12,000. Must be under contract on or before 12/31/22. Contact sales for further details.