*LIMIT ONE INCENTIVE PER HOME PURCHASE. INCENTIVES MAY NOT BE COMBINED. Contact your Goodall Homes New Home Consultant for a list of eligible homes.
ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.
Silverton Mortgage is authorized to originate FHA and VA loans, but it is not an agent of, or affiliated with, the U.S. Government.
Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org). Licensing information: https://silvertonmortgage.com/licensing/. AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking and Securities, Rhode Island Licensed Lender. All information is believed accurate and is subject to change without notice. 07/2024.
Clayton Properties Group, Inc., doing business as Goodall Homes, and Vanderbilt Mortgage and Finance, Inc., doing business as Silverton Mortgage are each indirect, wholly owned subsidiaries of the same parent company. Because of this relationship, the referral of a customer by Goodall Homes to Silverton, may provide Goodall Homes and Silverton with a financial or other benefit.
**2-1 BUYDOWN:
Incentive available for purchase contracts signed on or after 03/01/2024 for loans that close on or before 07/31/2024. Buydown offer may not be available with all loan programs. An escrow account is created that Goodall Homes funds to effectively “buydown” the monthly payment amount for years 1 and 2. Contact your Goodall Homes New Home Consultant for a list of eligible homes.
Example of FHA 96.5% LTV (3.5% Down Payment) 2-1 Buydown Loan Program
with $400,000 sales price. $392,755 loan amount, $14,000 cash down payment 30-year fixed-rate loan with 0 points. $2,746.20 monthly payments (P&I only). First-year monthly payment $2,230.02 with an effective interest rate of 5.50%, 8.315% APR. Second Year monthly payment $2,482.48 with an effective interest rate of 6.50% and 8.315% APR. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Example includes $1,495 origination fee. 8.315% APR and 7.50% interest rate for years 3-30 of the loan as of 03/05/2024 and assumes a credit score of 720. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state. Requires a seller contribution of $9,358.80 (covered by Goodall Homes) to pay for the cost of the 2-1 buydown.
***5.49% INTEREST RATE (5.558% APR) on Conventional Loans:
All trademarks are the property of their respective owners. All loans are subject to credit approval. Contact your Goodall Homes sales manager for a list of eligible homes. Contracts written on or after 07/10/2024. Loan must close before 11/08/2024. Loan must close before 10/23/2025. All terms and conditions subject to credit approval, market conditions and availability. Silverton Mortgage has locked in a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires. Example of 75% LTV Concentional Loan Program with $400,000.00 sales price. $300,000.00 loan amount - 30-year fixed rate loan with zero points based on 360 monthly payments at $1,701.49 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Down payment of $100,000 required. Example assumes 780 credit score and includes $1,495 origination fee, 5.558% APR, and 5.49% interest rate as of 07/10/2024. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state.
