The Summit at Forest Lakes

*Promotional financing offer applies to select QMI homes with new contracts written on or after December 5, 2022, and close by February 28, 2023. Available only for closed purchase agreements with financing through K. Hovnanian American Mortgage, L.L.C. (KHAM). Total value of incentives may not be combined with other offers. See a Sales Consultant for full details on select QMI homes, not available in all states, communities or homes.
Option 1: Seller to pay temporary buydown funds to temporarily reduce the loan’s interest rate and lower the payment for the first three years of an owner-occupied, 30-year fixed conventional loan, 20% Down payment. Example: 6.5% (6.634% APR) 30 Year Fixed Rate Conventional mortgage with a sales price of $277,990, loan amount of $222,350.   Seller paid 3/2/1 buydown fee.  Year 1: 3.5% (6.634% APR) monthly payment at  $1,490, Year 2: 4.5% (6.634% APR) monthly payment at $ 1618, Year 3: 5.5% (6.634% APR) monthly payment at $1754, and Years 4 – 30: 6.5% (6.634% APR) monthly payment at  $1897.  Monthly mortgage payment includes principal, interest, property taxes, homeowner's insurance, and HOA . Property taxes, homeowner's insurance are estimates only and may be higher. Flood insurance may be required depending on the location of the home. Private Mortgage Insurance (PMI) may be required if your down payment is less than 20%. Interest rate quote is not guaranteed and is subject to market conditions. Must obtain financing through K. Hovnanian American Mortgage, L.L.C. (“KHAM”).   For information regarding current market rates, please visit (https://www.freddiemac.com/pmms.  Buyer is subject to qualification for specific loan terms, occupancy, down payment, credit and underwriting requirements, and/or investor program guidelines. See a Sales Consultant for full details on select QMI homes, not available in all states, communities or homes. Subject to change without prior notice and cannot be combined with any other discounts, promotions or incentives. The offer may be canceled without prior notice. Not all borrowers will qualify. Restrictions apply.  Maximum closing cost assistance may vary based on the purchase price, product and occupancy. Maximum contribution limits will apply. This is not a commitment to lend.  Available only for closed purchase agreements with financing through K. Hovnanian American Mortgage, L.L.C. Subject to final negotiation of contract terms and is subject to all RESPA guidelines. 

Option 2: The list price for qualifying quick move-in homes may reflect the base sales price reduction.

^Limited promotional offer applies to select QMI homes and required closing dates will vary by homesite. Total value of incentives may not be combined with other offers. See a Sales Consultant for full details on select QMI homes, not available in all states, communities or homes. The total value of the incentive may not be combined with any other offers. The incentives may be applied towards closing costs. Seller contribution limits apply and may affect maximum financing. The incentives are based on the use of 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 will be reduced up to the greater of $10,000 or 3% of the purchase price.  Offer requires financing through seller’s affiliate K. Hovnanian American Mortgage, L.L.C. (KHAM), but use of KHAM is not required to purchase a home.  Maximum closing cost assistance may vary based on the purchase price, product and occupancy. Restrictions apply. Maximum contribution limits will apply. Subject to final negotiation of contract terms and is subject to all RESPA guidelines.

^^Offer is subject to program requirements, credit and underwriting approval, and use of K. Hovnanian American Mortgage, L.L.C.(KHAM) for the financing of your K. Hovnanian Home purchase. Limited to one-time refinance per household within the first three years from KHAM closing date.  Offer excludes government recording costs or transfer taxes, funding fee, upfront mortgage insurance premium fees, interest per diem or escrow funds set up. 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

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. See a Sales Consultant for full details. Equal Housing Opportunity.