New Year Incentives
Elevate Your Lifestyle, Drop Your Rate, and Invest With Ease
With a 3.99% Locked-in rate or savings on select homes, you can start your new year in a new home with confidence you got an amazing deal.
Step up to a new level of living with Landmark Homes. Work with us and our preferred lender loanDepot to build your own exclusive incentive and unlock your new Landmark home for the new year!
New Year Incentives apply to select quick move-in homes and are marked on our site. To receive the incentive, buyers must contract before February 29, 2024, and use our preferred lender loanDepot for their mortgage.
There are 2 ways you can save:
1. Exclusive homes marked with the 3.99%** blue banner are homes that are already locked in at a 3.99% interest rate** for the first year for qualified buyers. 3.99% with 7.82% APR offer assumes a purchase price of $500,000 and a loan amount of $450,000 for an owner-occupied borrower with a 780 mid credit score. A different loan amount and/or borrower profile could be more or less than the advertised APR.
2. The New Year Incentive homes are marked with blue banners showing they are quick move-in homes with an exclusive incentive. Qualified buyers can use these incentive dollars to buy down their rate, as closing costs, prepay their HOA fees, or build equity. Landmark Homes and loanDepot want to personalize the best incentive for your specific needs, to get you into the home of your dreams.
Ways to Personalize Your Incentive
Don't miss out on building equity in a new home. Let our incentives build you a personalized path to homeownership. With an array of options at their disposal, sitting down with loanDepot to discuss your specific options can be the game changer to realizing your dream of owning your very own Landmark Home. Home buyers can utilize one or more of these ideas with their New Year Incentives.
Need Help With Cash at Closing?
Use your incentive towards your closing costs. Closing costs are fees and expenses paid at the closing table and can include origination fees, appraisal fees, title insurance, recording fees, prepaid expenses, government fees, escrow fees, and other fees.
Want a Lower Monthly Payment?
Qualified buyers can use their incentives to get a 2-1 or even a 3-2-1 buydown. A 2-1 buydown is a mortgage financing option that allows home buyers to lower their monthly payments for the first two to three years of the loan. The interest rate is reduced by 3% the first year (for 3-2-1 buydowns), 2% the second year, and 1% in the following year, before returning to the original interest rate in the following years of the loan. Buyers like this option, if they believe they will refinance during those first few years to a lower rate.
Wishing for Equity Growth in Your New Home?
In some cases, buyers can use their incentive to reduce the price of your home by applying it towards the home's options and upgrades costs. A reduced final price can potentially give home buyers instant equity.
Want to Cover Your HOA Fees?
Homebuyers can prepay their HOA and/or Golf Membership (in select communities) fees with their incentive dollars. By prepaying your HOA fees you can save a range from $225-400 monthly in HOA dues for a specific period of time. In some of our communities that offer it, you can also apply your incentive to prepay your golf and/or social memberships to the neighborhood course.
With so many options as to how to use your New Year Incentive, it is easy to get confused. Contact loanDepot today, and they can explore your unique situation and help guide you to what works best for you.
*Landmark Homes incentives are for select quick move-in and move-in ready home. The available homes and this incentive are subject to change at any time and without notification. Qualified buyers must use loanDepot to access this incentive. Contracts must be written by February 29, 2024, to secure one of the New Year. The rate offered assumes a 780 credit score, 10% down, owner-occupied home purchase, with a 30-year fixed mortgage. Additional terms and conditions may apply and are subject to change without notice. Rate buydown funds may come from sellers or borrowers and are subject to interested-party contribution limitations. A buydown will lower your interest rate for the time period selected, up to three years. If you select a 3-year buydown, your interest rate will decrease by 3.0% for the first year, 2.0% for the second year and 1.0% for the third year. After the expiration of the buydown, your rate will no longer be discounted and your payment will increase. Borrower-paid buydowns will require you to pay money upfront in return for the temporary lower interest rate. Seller buydowns are not available from all sellers; potential buyers will need to work with the seller to determine if the buydown is an option. loanDepot.com, LLC cannot guarantee a seller or any other party will offer a rate buydown. Other limitations apply. This information is not intended to be an indication of loan qualification, loan approval, or commitment to lend. Loans are subject to credit and property approval. **3.99% with 7.82% APR offer assumes a purchase price of $500,000 and a loan amount of $450,000 for an owner-occupied borrower with a 780 mid credit score. A different loan amount and/or borrower profile could be more or less than the advertised APR. Additional terms and conditions may apply and are subject to change without notice.