What’s better than purchasing a new home in Cypress Green?

Purchasing a home with a builder’s incentive. It’s quite common for builders to offer incentives to attract buyers. These incentives can vary widely but usually include upgrades, special financing and special pricing. Here are some common types of incentives followed by a look at some of the incentives Cypress Green builders are offering.

Interest Rate Help
Currently, many builders are offsetting higher interest rates with buy-downs and rate locks. In these instances, the builder will pay for points. Points are prepaid interest that you can pay to lower your mortgage interest rate over the life of the loan. A rate lock is an agreement between you and your lender that guarantees a specific interest rate on a mortgage loan for a specified period of time. Either can significantly lower your monthly payments.

Closing Cost Assistance
Builders may offer to cover some or all of the buyer’s closing costs, which can include expenses such as loan origination fees, title insurance and appraisal fees. This can help reduce your upfront costs.

Upgrade Packages
Builders may offer upgrade packages at discounted rates or include certain upgrades as part of the purchase price. These upgrades could include premium flooring, countertops, appliances or other features that enhance your home’s value and appeal.

Design Center Credits
Builders often have design centers where you can select finishes, fixtures and other customization options for your new home. Builders may offer credits toward the design center or include a certain amount of customization options for free.

Move-In Ready Homes
Builders may offer special pricing or incentives for move-in ready homes that are already completed or nearing completion. Many of these homes also include structural options and upgrades so you get a beautiful home you don’t have to wait for.

Cypress Green Builder Incentives
Three Cypress Green builders are currently offering incentives.

For a limited time, Lennar is offering a 3/2/1 buydown rate on move-in ready homes. The rate is 1.99 percent in year 1, 2.99 percent in year 2, 3.99 percent in year 3 and 4.99 percent for the balance of the term at a 5.675 percent APR. You must finance through Lennar Mortgage. The offer ends March 31.

Brightland Homes
Brightland Homes’ Spring it On sales event will net you a 5.49 percent interest rate, $10,000 toward closing costs and up to $100,000 in discounts on move-in ready homes. Want to build from the ground up? You will receive 50 percent off options and upgrades plus $10,000 toward financing.

Long Lake Homes
Long Lake Homes is currently offering an interest rate buydown of 5.75 percent on move-in ready homes.