*For contracts entered between 8/11/23 and 9/30/23. An example interest rate of 4.99% (5.07% APR) for a 30-year fixed, owner occupied, conventional mortgage. Terms available factoring in prepaid interest, closing costs, and a purchase price of $475,000 with 20% down payment. 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. Flood insurance may be required. Sales price used for comparative purposes is an estimated sales price and not associated with a specific home or location. Example is for illustrative purposes only; interest rates are subject to market conditions. For information about market rate trends, visit https://www2.optimalblue.com/obmmi/. Optimal Blue, LLC shall retain the exclusive ownership, all rights reserved. This offer may change or be cancelled without prior notice. 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 incentive. Offer subject to all RESPA guidelines. This is not a commitment to lend. 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. Subject to final contract terms, see Sales Consultant for details. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Licensed by Ohio Division of Financial Institutions. Lic. RM.850228.000. Equal Housing Opportunity.
**Five Points is offered by K. Hovnanian Akron Scattered Site, LLC. For contracts entered between 8/11/23 and 9/30/23. Seller will pay buydown for the first two years of the loan, which will temporarily reduce the monthly payment thereby lowering the effective interest rate for the first two years of an owner-occupied, 20% down payment, 30-year fixed conventional loan. Example: 5.99% (6.169% APR) 30 Year Fixed Rate Conventional mortgage, sales price of $199,990, and loan amount of $159,950. Year 1: 3.99% (6.169% APR) $913 monthly payment which includes principal, interest, estimated taxes and homeowner’s insurance as well as HOA dues, if applicable (PITI), Year 2: 4.99% (6.169% APR) $1,008 PITI, Years 3-30: 5.99% (6.169% APR) $1,108 PITI. 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. Example is for illustrative purposes only; interest rates are subject to market conditions. 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. This is not a commitment to lend. Restrictions apply. 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 Ohio Division of Financial Institutions. Lic. RM.850228.000. Equal Housing Opportunity.
^Offer applies to select homes. Total value of the incentives may be up to $30,000 and cannot not be combined with other offers and may be applied to financing incentives, upgrades, options, closing costs and/or home price reductions. Seller contribution limits may apply and may affect maximum financing. Maximum closing cost assistance may vary based on the purchase price, product, and occupancy. Seller is not a lender. A portion of incentives and/or closing costs are based on the use of affiliated lender, K. Hovnanian American Mortgage, L.L.C. (“KHAM”) for financing or an all cash purchase. If KHAM or all cash is not used, the incentives (other than a home price reduction) will be reduced by the greater of $10,000 or 3% of the purchase price. The home price reduction incentive is unrelated to and distinct from the other incentives offered and does not require the use of KHAM for financing to receive the price reduction incentive. The list price for certain homes may already reflect a base sales price reduction and/or may be subject to prior sale. Not available on all homes or in all communities or states. Incentives, special interest rate financing options, builder options, upgrades, and/or closing costs will vary by home, homesite and community. Offer subject to change without notice. Restrictions apply. Subject to final contract terms, see Sales Consultant for details. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Licensed by Ohio Division of Financial Institutions. Lic. RM.850228.000. Equal Housing Opportunity.
†Terms and Conditions: Offer is subject to program requirements, credit and underwriting approval, and use of K. Hovnanian American Mortgage, L.L.C. (KHAM) for the initial financing of your K. Hovnanian home purchase. Limited to one-time rate and term refinance (no cash out) per household within the first three (3) years from KHAM closing date and at least six (6) consecutive on-time payments must have been made on the initial loan before applying for the refinance program. Restrictions apply and not redeemable for subsequent refinances. KHAM may use premium pricing, or higher rate at time of refinance to offset certain fees and costs typically paid by the borrower in cash at closing. Covered Fees may include for qualifying borrowers (if applicable): Owner and Lender’s Title Insurance Policy (borrower to provide to KHAM original Owner’s policy from initial closing prior to refinance), appraisal, flood certification, credit report, processing, underwriting and application fees as well as other Title Settlement Fees (including deed preparation, courier messenger fees, and endorsements). The following charges are not closing costs and always remain an expense to the borrower: Discount points related to borrower choosing to buydown to a lower rate than KHAM is offering for the refinance program, prepaid escrows (including mortgage insurance premiums, interest, property taxes, homeowners insurance, Upfront Mortgage Insurance Premium (UFMIP), and any escrow accounts.) To the extent borrower has an escrow account established on their current loan, it is customary that escrow balance is returned to the borrower after their initial loan is paid off. The borrower and property must qualify for the refinance, including meeting all applicable underwriting guidelines and closing conditions as they are in effect at the time of approval. This is not a guarantee that the borrower or the property will qualify for a refinance, nor is it a guarantee that a lower interest rate or payment can be provided to the borrower by KHAM. The offer is only available to borrowers if the appraisal returns an equal or higher home value at the time of the refinance. The borrower must have closed on their owner-occupied K. Hovnanian home, with a loan that is a non-bond program FHA, VA, USDA or Conventional conforming or high balance loan to be eligible for the program. Not valid on non-qualified mortgages, jumbo, alternative document, second homes, or investment properties. To be eligible, the refinance must be a first lien rate and term refinance (no cash out) on the same property and paying off the loan originally financed by KHAM. KHAM reserves the right to modify or discontinue products, promotions, and benefits at any time without notice. Rates and terms are subject to change at any time without notice and are subject to state restrictions. Equal Housing Opportunity. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Licensed by Ohio Division of Financial Institutions. Lic. RM.850228.000. Equal Housing Opportunity. Not all borrowers will qualify. Additional terms and conditions apply, Subject to final contract terms, see Sales Consultant for details. Equal Housing Opportunity.