Pick Your Promo!
Exclusive Fall Savings On ALL Liberty Homes Inventory!
Receive a 2% seller credit towards your home purchase to use towards interest rate buydowns, mortgage insurance buyouts, or closing costs when you close your loan with one of our preferred lenders. Select one of the tabs below to explore incentive benefits for your specific community of interest:
Sample Loan Scenario: $480,000 purchase price with a loan amount of $456,000 (5% down). 30-year fixed conventional mortgage loan. A $9,600 incentive is available from Liberty Homes in this scenario. You can use this incentive in a variety of different ways—each one designed to help save you money on your monthly payment or at closing.
Option 1: Permanent Rate Buydown
Use your incentive to permanently buy down the interest rate—resulting in massive monthly and life-of-loan savings as well as a significant boost to your purchasing power.
*Monthly, life-of-loan, and affordability boost savings are based on a comparison of loan scenario with no promotion of: $2,661/month (Principal & Interest Only), 30-year fixed 5.750% interest rate; 5.997% APR compared to loan scenario with promotion of: $2,379/month (PITI), 30-year fixed 4.750% interest rate; 5.175% APR.
Option 2: Temporary Rate Buydown
Use your incentive to temporarily buydown the rate for the first 2 years to help build up savings and get over payment shock. You can potentially refinance to a lower rate after the 2-year period.
*Monthly savings are based on loan scenario of $480,000 purchase price; $456,000 loan amount; 5% down payment; 30-year fixed, Year 3: 5.750% interest rate; 6.409% APR, $2,661/month (Principal & Interest only), Year 2 (1% Buydown): 4.750% interest rate; $2,379/month (Principal & Interest only), Year 1 (2% Buydown): 3.750% interest rate; $2,112/month (Principal & Interest only).
Option 3: Mortgage Insurance Buy Out
Use a portion of your incentive to buy out mortgage insurance (only applies if you are putting down less than 20%) and use the rest towards buying down your rate or reducing your closing costs.
Option 4: Use Towards Closing Costs
Closing costs can include title insurance, appraisal fees, taxes, deed recording fees, and other charges. You can use a portion of your incentive to cover these costs and bring less cash to closing.
Option 5: Reduce the Purchase Price
Use all or a portion of your incentive to reduce the purchase price on your townhome. An easy option for any home buyer!
Sample Loan Scenario: $650,000 purchase price with a loan amount of $617,500 (5% down). 30-year fixed conventional mortgage loan. A $13,000 incentive is available from Liberty Homes in this scenario. You can use this incentive in a variety of different ways—each one designed to help save you money on your monthly payment or at closing.
Option 1: Permanent Rate Buydown
Use your incentive to permanently buy down the interest rate—resulting in massive monthly and life-of-loan savings as well as a significant boost to your purchasing power.
*Monthly, life-of-loan, and affordability boost savings are based on a comparison of loan scenario with no promotion of: $3,604/month (Principal & Interest Only), 30-year fixed 5.750% interest rate; 5.931% APR compared to loan scenario with promotion of: $3,221/month (Principal & Interest Only), 30-year fixed 4.750% interest rate; 5.112% APR.
Option 2: Temporary Rate Buydown
Use your incentive to temporarily buydown the rate for the first 2 years to help build up savings and get over payment shock. You can potentially refinance to a lower rate after the 2-year period.
*Monthly savings are based on loan scenario of $650,000 purchase price; $617,500 loan amount; 5% down payment; 30-year fixed, Year 3: 5.750% interest rate; 6.287% APR, $3,604/month (Principal & Interest only), Year 2 (1% Buydown): 4.750% interest rate; $3,221/month (Principal & Interest only), Year 1 (2% Buydown): 3.750% interest rate; $2,860/month (Principal & Interest only).
Option 3: Mortgage Insurance Buy Out
Use a portion of your incentive to buy out mortgage insurance (only applies if you are putting down less than 20%) and use the rest towards buying down your rate or reducing your closing costs.
Option 4: Use Towards Closing Costs
Closing costs can include title insurance, appraisal fees, taxes, deed recording fees, and other charges. You can use a portion of your incentive to cover these costs and bring less cash to closing.
Option 5: Reduce the Purchase Price
Use all or a portion of your incentive to reduce the purchase price on your townhome. An easy option for any home buyer!
Sample Loan Scenario: $1,100,000 purchase price with a loan amount of $880,000 (20% down). 30-year fixed jumbo mortgage loan. A $22,000 incentive is available from Liberty Homes in this scenario. You can use this incentive in a variety of different ways—each one designed to help save you money on your monthly payment or at closing.
Option 1: Permanent Rate Buydown
Use your incentive to permanently buy down the interest rate—resulting in massive monthly and life-of-loan savings as well as a significant boost to your purchasing power.
*Monthly, life-of-loan, and affordability boost savings are based on a comparison of loan scenario with no promotion of: $5,066/month (Principal & Interest Only), 30-year fixed 5.625% interest rate; 5.730% APR compared to loan scenario with promotion of: $4,657/month (PITI), 30-year fixed 4.875% interest rate; 5.201% APR.
Option 2: Use Towards Closing Costs
Closing costs can include title insurance, appraisal fees, taxes, deed recording fees, and other charges. You can use a portion of your incentive to cover these costs and bring less cash to closing.
Option 3: Reduce the Purchase Price
Use all or a portion of your incentive to reduce the purchase price on your home. An easy option for any home buyer!
Liberty Homes Preferred Lenders
You must use one of our preferred lenders in order to qualify for this offer.
Jeff Morgan
Senior Loan Officer
| DIRECT | (801) 810-6503 |
| MOBILE | (801) 706-7732 |
| jeff.morgan@northpointe.com | |
| WEBSITE | team101.com |
| NMLS | #256029 | Member FDIC |
Kevin Horrocks
Mortgage Loan Officer
| DIRECT | (801) 619-3619 |
| MOBILE | (801) 232-6559 |
| kevin@olympusfunding.com | |
| WEBSITE | olympusfunding.com |
| NMLS | #255009 | Corp NMLS #248612 |
*This promotion is valid for any Liberty Homes transaction closed on or before December 31st, 2022 and obtaining financing through one of our preferred lenders. Rates, and inherently promotional estimated benefits, can change at any time. All figures are estimates and not guaranteed payment amounts. All loan scenarios assume a borrower credit score of 740 FICO or higher. This is not a commitment to lend. All loans are subject to credit review and approval. Rates can vary based on loan type (conventional, FHA, etc.) and may be lower or higher than shown in these estimates.
