U
/u/tac91091
Guest
Hi all,
My husband and I are buying a house and decided on a new build in an incredible location. It's the last one in the neighborhood, and checks all of our boxes. The house is from a highly rated, reputable builder and has been fully upgraded. Apparently the previous buyers' financing fell through so the house just became available a few days ago. We make 200k, no debt, 50k down, and 800+ credit scores. The house is priced at 497k.
The builder has offered the following incentives:
4.99% interest rate with 3.5% down (FHA loan)
6.82% interest rate with 0% down and 25k cash in hand (opportunity to buy down rate to 5.75%)
Which would you take? Just wanting to get opinions, I'm hearing different things depending on who we ask.
submitted by /u/tac91091
[link] [comments]
Which new build incentive option would you take?
Continue reading...
My husband and I are buying a house and decided on a new build in an incredible location. It's the last one in the neighborhood, and checks all of our boxes. The house is from a highly rated, reputable builder and has been fully upgraded. Apparently the previous buyers' financing fell through so the house just became available a few days ago. We make 200k, no debt, 50k down, and 800+ credit scores. The house is priced at 497k.
The builder has offered the following incentives:
4.99% interest rate with 3.5% down (FHA loan)
6.82% interest rate with 0% down and 25k cash in hand (opportunity to buy down rate to 5.75%)
Which would you take? Just wanting to get opinions, I'm hearing different things depending on who we ask.
submitted by /u/tac91091
[link] [comments]
Which new build incentive option would you take?
Continue reading...