† Participating Richmond American Homes companies will pay buyer's actual closing costs, up to 2% of the base price of the home, when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). Closing cost assistance is subject to legal and loan program requirements and limitations. Buyer must pay all prepaids. Home must close in a timely manner, as determined by Richmond American. Actual amount cannot exceed buyer’s actual closing costs. Visit a Sales Center for community-specific details and limitations.
†† Flex funds offer is valid for new buyers who sign new purchase agreements on select homes with Richmond American Homes between September 25, 2024, and December 22, 2024, inclusive, and close on or before December 31, 2024. Participating Richmond American companies will pay an additional $10,000 toward closing costs, a permanent interest rate buydown, or included options when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). This offer can be used with other national or community-level incentives, but the total promotion amounts provided for using HomeAmerican Mortgage Corporation (including the Flex Funds) cannot exceed applicable legal and loan program requirements and limitations. Buyer must pay all prepaids. Total closing cost assistance cannot exceed buyer’s actual closing costs. Visit a Sales Center for community-specific details and limitations.
* Market-rate example is based on a sales price of $555,000 and a 30-year, fixed-rate FHA loan with an interest rate of 6.625% (as of 12/16/24) and a 3.5% down payment. Total loan amount, including the upfront mortgage insurance premium, is $544,947. Monthly principal and interest payment = $3,489.36. APR = 7.342%. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the above payment; actual payment will be higher. This interest rate is available to owner occupants only and is subject to availability, a debt-to-income ratio of 43% or less, a maximum 96.5% loan-to-value ratio, qualification using full documentation and a minimum FICO score of 680. Other loan-to-value ratios and FICO scores may be eligible but may be subject to rate and price adjustments. Loan amount cannot exceed the lesser of the county limit or $806,500. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
** Market-rate example is based on a sales price of $555,000 and a 30-year, fixed-rate fixed-rate VA loan with an interest rate of 6.625% (as of 12/16/24) and a no down payment. Total loan amount, including the VA Funding Fee, is $573,315. Monthly principal and interest payment = $3,671.00. APR = 6.942%. Taxes and hazard insurance premiums are not calculated in the above payment; actual payment will be higher. Financing is available to owner occupants only who are qualified to participate in mortgage loan programs offered by the Department of Veterans Affairs and is subject to legal requirements and availability, a maximum loan amount of $806,500, a debt-to-income ratio of 41% or less, a maximum 100% loan-to-value ratio, qualification using full documentation and a minimum FICO score of 680. Veterans who do not have full entitlement may have to make a down payment. Other loan-to-value ratios and FICO scores may be eligible but may be subject to rate and price adjustments. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
*** Market-rate example is based on a sales price of $555,000 and a 30-year, fixed-rate Conventional loan with an interest rate of 6.999% (as of 12/16/24) and a 10% down payment. Total loan amount is $499,500. Monthly principal and interest payment = $3,322.85. APR = 7.109%. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the above payment; actual payment will be higher. This interest rate is available to owner occupants only and is subject to availability, a debt-to-income ratio of 43% or less, a maximum 90% loan-to-value ratio, a maximum loan amount of $806,500, qualification using full documentation and a minimum FICO score of 780. Other loan-to-value ratios, FICO scores, second homes and investment properties may be eligible but may be subject to rate and price adjustments. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
^ Loan promotions are valid for buyers who sign purchase agreements on select homes with Richmond American Homes, when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). Interest rate is not guaranteed and is subject to change without notice. Funds are limited and are available on a first-come, first-served basis. The rate above is based on the application of seller-paid closing cost assistance in the amount of 2% of the loan amount applied to obtain a permanent interest rate buydown. Actual amount of closing cost assistance cannot exceed buyer’s actual closing costs. This offer can be used with other national or community-level incentives, but the total promotion amounts provided for using HomeAmerican Mortgage Corporation are subject to legal and loan program requirements and limitations. Example is based on a sales price of $555,000 and a 30-year, fixed-rate FHA loan with an interest rate of 5.750% and a 3.5% down payment. Total loan amount, including the upfront mortgage insurance premium, is $544,947. Monthly principal and interest payment = $3,180.16. APR = 6.497%. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the above payment; actual payment will be higher. This interest rate is available to owner occupants only and is subject to availability, a debt-to-income ratio of 43% or less, a maximum 96.5% loan-to-value ratio, qualification using full documentation and a minimum FICO score of 680. Other loan-to-value ratios and FICO scores may be eligible but may be subject to rate and price adjustments. Loan amount cannot exceed the lesser of the county limit or $806,500. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
^^ Loan promotions are valid for buyers who sign purchase agreements on select homes with Richmond American Homes, when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). Interest rate is not guaranteed and is subject to change without notice. Funds are limited and are available on a first-come, first-served basis. The rate above is based on the application of seller-paid closing cost assistance in the amount of 2% of the loan amount applied to obtain a permanent interest rate buydown. Actual amount of closing cost assistance cannot exceed buyer’s actual closing costs. This offer can be used with other national or community-level incentives, but the total promotion amounts provided for using HomeAmerican Mortgage Corporation are subject to legal and loan program requirements and limitations. Example is based on a sales price of $555,000 and a 30-year, fixed-rate VA loan with an interest rate of 5.750% and a no down payment. Total loan amount, including the VA Funding Fee, is $573,315. Monthly principal and interest payment = $3,345.71. APR = 6.088%. Taxes and hazard insurance premiums are not calculated in the above payment; actual payment will be higher. Financing is available to owner occupants only who are qualified to participate in mortgage loan programs offered by the Department of Veterans Affairs and is subject to legal requirements and availability, a maximum loan amount of $806,500, a debt-to-income ratio of 41% or less, a maximum 100% loan-to-value ratio, qualification using full documentation and a minimum FICO score of 680. Veterans who do not have full entitlement may have to make a down payment. Other loan-to-value ratios and FICO scores may be eligible but may be subject to rate and price adjustments. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
^^^ Loan promotions are valid for buyers who sign purchase agreements on select homes with Richmond American Homes, when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). Interest rate is not guaranteed and is subject to change without notice. Funds are limited and are available on a first-come, first-served basis. The rate above is based on the application of seller-paid closing cost assistance in the amount of 2% of the loan amount applied to obtain a permanent interest rate buydown. Actual amount of closing cost assistance cannot exceed buyer’s actual closing costs. This offer can be used with other national or community-level incentives, but the total promotion amounts provided for using HomeAmerican Mortgage Corporation are subject to legal and loan program requirements and limitations. Example is based on a sales price of $555,000 and a 30-year, fixed-rate Conventional loan with an interest rate of 6.375% and a 10% down payment. Total loan amount is $499,500. Monthly principal and interest payment = $3,116.23. APR = 6.521%. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the above payment; actual payment will be higher. This interest rate is available to owner occupants only and is subject to availability, a debt-to-income ratio of 43% or less, a maximum 90% loan-to-value ratio, a maximum loan amount of $806,500, qualification using full documentation and a minimum FICO score of 780. Other loan-to-value ratios, FICO scores, second homes and investment properties may be eligible but may be subject to rate and price adjustments. Not valid on loans already locked with HomeAmerican Mortgage Corporation.
HomeAmerican Mortgage Corporation is a residential mortgage loan company. Financing is provided by HomeAmerican Mortgage Corporation (NMLS Unique Identifier #130676; NMLS Consumer Access Website: http://www.nmlsconsumeraccess.org), 866.400.7126. HomeAmerican Mortgage Corporation's principal offices are located at 4350 S. Monaco Street, Suite 100, Denver, CO 80237. Arizona Mortgage Banker license #0009265.
Notice to Texas Consumers Pursuant to 7 TAC §80.200(b)
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 N. LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1.877.276.5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT SML.TEXAS.GOV.
©2024 Richmond American Homes; Richmond American Homes of Arizona, Inc. (a public report is available on the state real estate department’s website), Richmond American Construction, Inc. ROC #206612; Richmond American Homes of Texas, Inc.
