*Carmel Ranch is offered by K. Hovnanian Homes Northern California, Inc.. Sales Consultants: Maria Lagana DRE#01481603 and Karambir Sra DRE# 01847198. ©2023 K. Hovnanian California Operations, Inc. DRE#01183847. For contracts entered between 9/8/23 and 10/15/23. Home must close by 10/31/23. Seller will pay buydown for the first three years of the loan, which will temporarily reduce the monthly payment thereby lowering the effective interest rate for the first three years of an owner-occupied, 20% down payment, 30-year fixed conventional loan. Example: 6.875% (7.131% APR) 30 Year Fixed Rate Conventional mortgage, sales price of $625,702, and loan amount of $500,550. Year 1: 3.875% (7.131% APR, Year 2: 4.875% (7.131% APR), Year 3: 5.875% (7.131% APR), Years 4-30: 6.875% (7.131% APR). Flood insurance may be required. Special Interest Rate Financing may change or not be available or funds may be exhausted at the time of loan commitment, lock-in or closing. This is a limited time promotion. Sales price used for comparative purposes is an estimated sales price and not associated with a specific home or location. This offer may change, or program may be cancelled without prior notice. For information about market rate trends, visit https://www2.optimalblue.com/obmmi/. Optimal Blue, LLC shall retain the exclusive ownership, all rights reserved. Seller is not a lender. Buyer is not required to finance through K. Hovnanian American Mortgage, L.L.C. (“KHAM”) to purchase a home, however, financing through KHAM is required to receive the buydown incentive. Offer subject to all RESPA guidelines. Buyer is subject to credit and underwriting qualifications, and investor program guidelines. Not available on all homes or in all communities or states. Cannot be combined with any other discounts, promotions, or incentives. Not all borrowers will qualify. Restrictions apply. This is not a commitment to lend. Subject to final contract terms, see Sales Consultants for details. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Licensed by California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Lic. #4130532. Not all borrowers will qualify. Additional terms and conditions apply. Subject to final contract terms, see Sales Consultant for details. Equal Housing Opportunity.