What is it? A 30-year fixed rate loan where the first years of interest is subsidized by seller-paid contributions.
What is the benefit? Borrowers receive a below-market payment through the early years of the loan. This does not affect their 30-year interest rate delivering the security of a fixed-interest rate through the life of the loan.
At Riverside Homebuilders, our goal is to make your journey to owning your dream home as enjoyable as possible. Buying and building your new home is exciting and you should get to enjoy watching your home become a reality. Home is where your story begins.
The friendliness and responsiveness of the staff. Huge deal to me. Overall a surprisingly stress free process. There were some snags, but given the situation of the world and availability of materials, unavoidable and understandable. One of the best decisions I made going with a home builder rather than an older home, especially since it was around the same price!