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Save up to $51,935 off the base price of select quick move-in homes closing by January 31st.
Choose certainty with an interest rate as low as 4.99% (5.068% APR) now through January 31st. A lower interest rate today means a lower monthly payment for you.
No matter how you choose to save, you’ll also receive additional savings up to $5,000 towards closing costs, meaning you’ll need less upfront, out of pocket cash.
The Villages at Red Mill Pond offers single-family new homes for sale in Lewes, DE, in a prime location just miles from the beach. The amenity-rich lifestyle includes direct access to the Lewes bike trail, a clubhouse with pool, and a kayak launch.
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**The Villages at Red Mill Pond is offered by K. Hovnanian Homes of Delaware I, LLC. 4.99% (5.068% APR) promotional financing offer applies to select QMI homes with new contracts written on or after November 15, 2022, and close by January 31, 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. Interest rate is as of 11/17/2022. An interest rate of 4.99% (5.068% APR) for a 30-year Fixed, owner occupied, Conventional Mortgage, with a 20% down payment, a purchaser with a credit score of 740, and 1.375 % discount points paid by the seller. For information regarding current market rates, please visit (https:// www.freddiemac.com/pmms ). Rates may change or not be available or funds may be exhausted. Buyer is subject to qualification for specific loan terms, occupancy, down payment, credit and underwriting requirements, and/ or investor program guidelines. Estimated loan amount $443,150 and sales price of $553,972. See a Sales Consultant for full details on select QMI homes, not available in all states, communities or homes. Maximum closing cost assistance may vary based on the purchase price, product and occupancy. Not all borrowers will qualify for said rate. Rate is not applicable for all credit profiles. Restrictions apply. Maximum contribution limits will apply. Subject to final negotiation of contract terms and is subject to all RESPA guidelines. Incentives may vary and are subject to change without notice. The total value of the incentive up to $5,000, may not be combined with any other offers. Up to $5,000 of 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 by up to $5,000. K. Hovnanian Homes is not a lender. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS#3259 (www.nmlsconsumeraccess.org). Licensed by Delaware Office of the State Bank Commissioner to engage in business in this State. Lic. #7864 Expiration 12/ 31/2022. See a Sales Consultant for full details. Equal Housing Opportunity.
Up to $51,935 reduction off of the base sales price.