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*See New Home Sales Specialist for more details.
Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. Sabal Mortgage, LLC supports Equal Housing Opportunity | NMLS # 2598466, FL# MBR7839, GA # 2598466, MI # FL0026694, MI # SR0026695, NC# B-222373, SC# 2598466, VA #MC-7933 and NMLS #2663862, NC# B-222373-102, SC# 2663862, VA# MC-7933, FL # MBRB1815 and NMLS # 2688315, NC# B-222373-103 and NMLS # 2698595, VA# MC-7933 and NMLS # 2714342, SC # 2714342, FL # MBRB1747, VA # MC-7933, NC # B-222373-104 and NMLS # 2808356, FL # MBRB1875, SC # 2808356, GA # 2808356, VA # MC-7933, NC # B-222373-105 | (www.nmlsconsumeraccess.org (http://www.nmlsconsumeraccess.org/)) | 980-325-3292 or 757-404-7756 or 919-500-0907 or 804-986-9510 or 906-360-4411 or 757-453-3830 | 2865 Westport Road, Charlotte, NC 28208 and 575 Lynnhaven Pkwy, Ste 100, Virginia Beach, VA 23452 and 7101 Creedmoor Rd, Ste 115, Raleigh, NC 27613 and 10800 Midlothian Turnpike Ste 141, Richmond, VA 23235 and 4851 Tamiami Trail North, Suite 200, Naples, FL 34103 and 2300 Lakeview Parkway, Ste 700, Office 762F, Alpharetta, GA 30009
Pricing is subject to change without notice. On select homes, qualified borrowers may elect a 2/1 temporary interest rate buydown with a permanent fixed rate of 5.75%, resulting in a first-year rate of 3.75%, a second-year rate of 4.75%, and a permanent rate of 5.75% for the remaining loan term (years 3–30). Alternatively, qualified borrowers may select a 5.75% conventional fixed-rate loan with 10% down. Borrowers must qualify at the permanent note rate of 5.75%.
Example FHA scenario (Lot 39): based on a $407,000 purchase price, 3.5% down payment, and a total FHA loan amount of $399,628 (including the 1.75% upfront mortgage insurance premium financed), utilizing a 2/1 temporary buydown with interest rates of 3.75% in year one, 4.75% in year two, and 5.75% for years 3–30. Estimated principal and interest payments are $1,850.74 in year one, $2,084.65 in year two, and $2,332.12 thereafter. Principal and interest payments and APR will be provided by Towne Bank Mortgage and are subject to final loan terms and closing date.
Additional illustrative examples:
Example FHA scenario: based on a $499,000 purchase price, 3.5% down payment ($17,465), and a total FHA loan amount of $489,962 (including 1.75% upfront mortgage insurance premium financed), estimated principal and interest (P&I) payments under the 2/1 buydown are $2,269.09 in year one, $2,555.87 in year two, and $2,859.29 thereafter. Example conventional scenario with 10% down ($49,900) and a loan amount of $449,100 reflects estimated P&I payments of $2,079.85 in year one, $2,342.72 in year two, and $2,620.83 thereafter under the 2/1 buydown, or a flat $2,620.83 monthly P&I under the 5.75% permanent fixed-rate option. Example conventional scenario with 20% down ($148,000) on a $740,000 purchase price and a loan amount of $592,000 reflects estimated P&I payments of $2,741.64 in year one, $3,088.15 in year two, and $3,454.75 thereafter.
Payments shown are principal and interest only and exclude real estate taxes, homeowners' insurance, HOA dues, and mortgage insurance (if applicable), which will increase the total monthly payment. APRs are provided for comparison purposes only and may vary based on loan program, credit profile, occupancy, property type, and other underwriting factors. Minimum credit score requirements apply (700 for FHA, 740 for conventional). All loans are subject to borrower qualification, underwriting approval, and program guidelines. This is not a commitment to lend. Contact Phil Jawny, VP and Senior Mortgage Loan Officer at TowneBank Mortgage (NMLS# 224037), for complete details and preapproval.
Offers are not valid on prior contracts. See New Home Specialist for full details. Promotions can change or stop at any time. Features, amenities, floor plans, elevations, square footage, specifications, and prices vary per plan and community and are subject to changes or substitutions without notice. The stated square footage is approximate and should not be used as a representation. Eastwood Homes and the Eastwood Homes logo are registered trademarks or trademarks of Eastwood Homes. All rights reserved.
