Don't let rising interest rates keep you from buying a new home. Our 2-1 Buydown Promo is here.
If you’re in the market for a new home in the St. Louis area, consider a condominium at Geyer Grove in Kirkwood.
For a limited time, we have a smart way for you to save thousands on a beautiful new home by taking advantage of a lower interest rate for two years.
We understand the expenses that come with a new home can be a stressful part of your homebuying journey. The Townes at Geyer Grove, LLC is here to help! We want to help reduce those initial expenses for the home you love, which is why the 2-1 Fixed Rate Buydown Loan could save you thousands of dollars.
With this loan, you can take advantage of a lower interest rate for two years. Even better, when financing with our preferred lender, this program can be of no cost to you! Sounds great, right?
Here’s how the 2-1 buydown works:
The 2-1 Fixed Rate Buydown Loan will give you the opportunity to save more money during your first two years of home ownership, and more time to save for your future.
- SAVE 2% on the interest rate during the first year in your new home.
- SAVE 1% in the second year.
- FIXED RATE for the third year+. Your payment will be fixed for the remaining life of your loan!
*Example for a 2-1 Buydown on a 30-year fixed rate mortgage: First year rate 4.375%, second year rate 5.375%, then 6.375% for the remaining 28 years. The interest rate of 6.375% and an Annual Percentage
Rate (APR) of 6.466% as of 9/29/2022. Example shows a $500,000 sales price and $300,000 loan amount. Principal and interest are $1,871.61 (total payment could be higher if property taxes and insurance
are included), owner-occupied homes only. Current rates and loan amount could affect the availability of the buydown program. Loan products are subject to standard qualifications. Rates, terms, and conditions are
subject to change without notice. Builder promotion provides a maximum credit of $12,000. Builder promotion is available from 10/1/2022 through 02/28/23. Buyer must use preferred title company and
mortgage company. This promotion cannot be combined with any other promotion or discount.
Schedule your appointment to come in and save big!
Want to learn more about how you can save thousands?
Get in touch for more details
Stunning new homes at Geyer Grove starting from the $400k's
Available Homesites
(subject to change)
