Disclaimers

*Conventional Loan: The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.189% and an estimated monthly interest-only payment of $1,833.10. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 4.99% with an APR of 5.736% and a monthly mortgage payment of $2,949. The disclosed APR is based on the payment of 1.5 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, conventional loan, $550,000 loan amount, 60% loan-to-value (LTV), and a minimum FICO score of 680 on a primary residence.

*VA Loan: This is a VA program. Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.454% and an estimated monthly interest-only payment of $1,833.10. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 4.875% with an APR of 5.372% and a monthly principal and interest payment of $2,949. The disclosed APR is based on the payment of 1.5 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, VA loan, $550,000 loan amount, 100% loan-to-value (LTV), and a minimum FICO score of 660 on a primary residence.

*FHA Loan & First Time Home Buyers Rate: This is an FHA program. Please call your local HUD office to verify or visit their website at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing. The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.921% and an estimated monthly interest-only payment of $1,583.13. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 4.99% with an APR of 6.102% and a monthly principal and Interest payment of $2,837. The disclosed APR is based on the payment of 1.5 discount points. The interest rate quoted assumes a purchase with 60-day lock pricing, FHA loan, $475,000 loan amount, 96.5% loan-to-value (LTV), and a minimum FICO score of 680 on a primary residence. Mortgage payment may be higher with taxes and insurance included.

*Build now, pay later: The Build Now, Pay Later loan is intended for use during a construction phase until permanent financing is secured. Minimum FICO score of 680 required on a Purchase or Refinance of a Primary Residence. 12-month loan term. Requires 11 monthly interest-only payments of $ 3,662.08 followed by a final balloon payment of $553,662.08 in month 12. Based on $550,000 loan amount with $14,490 in Estimated Closing Costs. 7.990% construction interest rate / 10.196% APR, and 20% required down payment of $137,500 (80% LTV/CLTV - NOTE: Equity from a cross-collateralized property or owned land may be used in lieu of the down payment). The builder (Adair Homes) is responsible for covering the interest-only payments until completion of construction as evidenced by the issuance of the Certificate of Occupancy by the County, or other manner defined by builder. Thereafter, the borrower will assume responsibility for any remaining payments on the construction loan until permanent financing is obtained, at current market rates. Customers with a land loan balance or a home equity line of credit will be required to set up an interest expense.

For these Promotional Rates, the actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective October 03, 2024 and are subject to change without notice. Must complete the pre-construction meeting within 30 days of the initial contract and loan close within 60 days of the initial contract. Cannot be combined with other offers.

**Low-Cost Refinancing: 3rd party fees include lender fees, title fees, recording fees, and do not include discount points or taxes and insurance. Basis Home Loans is an Equal Housing Lender NMLS #2348051; 4400 NE 77th Ave, Suite 100, Vancouver, WA 98662. Corporate phone (855) 589-9507. Promotional Interest Rate(s) are available if the home is financed with Basis Home Loans (NMLS #2348051). You are free to finance your home purchase transaction with any lender you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase with Basis Home Loans.

Basis Home Loans is an Equal Housing Lender NMLS #2348051; 4400 NE 77th Ave, Suite 100, Vancouver, WA 98662. Corporate phone (855) 589-9507. Promotional Interest Rate(s) are available if the home is financed with Basis Home Loans (NMLS #2348051). You are free to finance your home purchase transaction with any lender you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase with Basis Home Loans.