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Get 5.875% fixed rate mortgage and $25,000 closing cost credits

Are current interest rates preventing you from buying a new home? While you wait, home prices go up. Kettler Forlines Homes is offering a solution to rising interest rates. Buy one of our quick move-in new homes for sale in Poolesville, MD, and get 5.875%  fixed rate mortgage for ten years and $25,000 closing cost credits*—at NO cost to you!

We’re offering a rate buydown on new, quick move-in homes at Foxwood Crossing, our luxury community in Montgomery County, Maryland, with only 5 homes total. Choose from one of two new quick move-in homes: the 6,400-square-foot, 7-bedroom residence at 17225 Tom Fox Avenue on 3.2 acres or the 6,650-square-foot, 7-bedroom home on 2.29 acres at 17221 Tom Fox Avenue. We have just 3 more homesites available in this intimate community of estate homes, all with large yards.

How long does the low rate apply?

Common rate buydowns offer the low rate for the first year or two of the mortgage term. They usually increase by one point after the first year (a 2-1 buydown) and again in the second year if you have a 3-year buydown (3-2-1 buydown). At the end of the discounted period, your loan returns to the full rate agreed upon when you purchase the home.

Kettler Forlines Homes feels a 2- or 3-year break isn’t enough. We’re offering the reduced 5.875% fixed rate mortgage for the first 10 years of your mortgage. For the remaining 20 years of the 30-year mortgage, the interest rate will adjust annually. See your loan officer for details.

Are you planning to stay in your new home for more than 10 years? A recent study showed that 47% of homeowners stay in their homes for 6 to 10 years, and the average length of home ownership is 8 years. So, a 10-year rate buydown is a great option for today’s homebuyer.

How can I use the $25,000 closing cost credits?

With the rate buydown, Kettler Forlines Homes is also offering $25,000 in closing cost credits. Use the funds toward your down payment or closing costs, or to add upgrades to your new Foxwood Crossing home. We’ve already included so many luxury details in our standard features—like a chef’s kitchen, spa bath, and award-winning energy efficiency and indoor air quality protection. 

How do I qualify for the rate buydown and closing cost credits?

Get 5.875% fixed rate mortgage and $25,000 closing cost credits on any quick move-in home at Foxwood Crossing. These new homes for sale in Poolesville, MD, include a large yard, with more than 2 acres each. You must provide a  minimum 10% down payment and close by December 30, 2023.

For full details, contact George Neill at Kettler Forlines Homes, an award-winning home builder in Montgomery County with nearly half a century of experience.

*Limited time offer on QUICK MOVE-IN HOMES that close by December 31, 2023. 5.875%, 10/6 arm, fixed rate. 6.88% APR. 30-year amortized loan with 5.875% interest rate for the first 10 years. Minimum 10% down payment and maximum loan amount up to $2.75 million, subject to lender qualification requirements. Must use Kettler Forlines approved lender and closing agent. Interest rates are subject to change based on daily fluctuations - actual interest rate will be determined at the time purchaser “locks-in” with the lender. Not to be combined with any other offer. Incentives subject to maximum interested party contribution limits based on loan program and down payment. Selections and availability are subject to change or withdrawal without notice. Please see Kettler Forlines New Home Sales Consultant for details. Kettler Forlines Homes MDHBR: #186. REALTORS WELCOME

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