Save Hundreds per Month with a 2/1 Rate Buydown!
At Garbett Homes, saving you monthly on the cost of homeownership has always been our goal, now it just got a lot better. We don’t influence the mortgage rate, but understand how it affects you. For a limited time and on select move-in ready homes we will help you buy down your interest rate with a 2/1 rate buydown.
A 2/1 rate buydown brings down the financed interest rate for the first two years of your mortgage and can give you some big savings until your 3rd year of homeownership or a refinance, whichever comes first. With this offer, you lock in at current interest rates and Garbett Homes will pay to buy down your rate by 2% for the first year, and 1% for the second year.
Let us show you how this affects your monthly payment:
Average Quick Move-in Home
Purchase price of $700,000
30 Year Fix Rate Mortgage
Buyer Average Savings
1st Year Monthly Savings: $731
2nd Year Monthly Savings: $374
Total Savings for the First Two Years: $ 13,272.60
Garbett Homes has a limited number of quick move-in homes available in Farmington, Midvale, Murray and West Jordan. Pricing won’t get any better on these quick move-in homes, but for a limited time, let us also help you with the rising monthly mortgage payment.
Interested? For a full list of available homes and homes available for the 2/1 rate buydown savings for these savings, contact our New Homes Sales Specialist. Janie@garbetthomes.com and 801 396-9882
Featured 2/1 Buydown Homes
*Average savings example(s) shown are based off current interest rate as of 08/23/2023 for well qualified, first-time homebuyers and assumed conventional loan with 20% down. Actual savings will vary depending on contracted home pricing, rate fluctuations since 08/23/2023 rates, loan program/terms and buyer financial and credit qualifications. Offer is for a 2/1 rate buydown on select quick move-in homes only and cannot be used any other way. 2/1 rate buydown is tied to use to builder’s terms and use of sellers preferred lender unless otherwise contractually agreed upon. Savings quoted reflect only principal and interest of mortgage loan and no other standard monthly loan amounts. All figures are estimates only. This is not an exact savings commitment. Contact a loan officer for an accurate, personalized quote. Interest rate and program guidelines are subject to change without notice. Exclusions and conditions may apply, speak to a sales associate for details.