*Five Points is offered by K. Hovnanian Akron Scattered Site, LLC. For contracts entered between 4/15/24 and 5/15/24. Home must close by 5/31/24. 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, 10% down payment FHA loan. Example: 6% (6.674% APR) 30 Year Fixed FHA mortgage, sales price of $210,147, and loan amount of $192,409. Year 1: 4% (6.674% APR), $1,205 Monthly mortgage payment includes principal, interest, Mortgage Insurance Premium (MIP), estimated property taxes and homeowner's insurance as well as HOA dues, if applicable (PITI), 2nd Year: 5% (6.674% APR) $1,319 PITI, Years 3 – 30: 6% (6.674% APR) $1,440 PITI. Mortgage Insurance Premium (MIP) is required at an upfront rate of 1.75% and is financed, in addition to monthly MIP at the required annual rate. 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. This offer may change or 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 acting on behalf of or at the direction of HUD/FHA or the Federal government. 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. 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 states or communities. 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.
^Offer applies to select quick move-in homes. Home must close by 5/31/24. Total value of the incentives cannot 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 quick move-in homes may already reflect a base sales price reduction and/or may be subject to prior sale. Offer not available on all homes, 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. 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.