Perry Homes

Introducing the Perry Homes Lender Incentive Buydown Program

We know that buying a new home is stressful and that it’s becoming harder to get into the home of your dreams. That’s why we’ve created the new Perry Homes Lender Incentive Program!

Here’s how it works. When using The Perry Team at Veritas Funding, you can use the incentive credit towards the following:

2/1 Buydown

Introductory rate in year 1 at 2% below the locked interest rate. Year 2 the rate increases to 1% below the originally locked rate. Years 3 – 30 the rate increases to the originally locked interest rate. See example below.

Permanent Rate Buydown

This is also known as paying discount points. Use the incentive money to cover the discount point cost to obtain a permanently lower interest rate for the term of your loan.

Closing Costs

Any incentive money that exceeds the cost of the 2 options above can be applied towards any remaining closing costs & escrows.

YEAR 1

4.5%

6.5% APR

TWO percent below preferred lender’s current market rate

YEAR 2

5.5%

6.5% APR

ONE percent below preferred lender’s current market rate

YEAR 3

6.5%

6.5% APR

Preferred lender’s current market rate locked in for remaining loan period

Rates above used only as an example. The Perry Team at Veritas Funding will provide current market rates upon request. Want to learn more? Contact us today.

Legal terms

30-year fixed interest rate provided by Veritas Funding, the preferred lender of Perry Homes.

Interest rate is 5.625% as of 12/01/2022 & can change at any time without notice. Terms & Conditions are based on a conforming 30-year fixed, owner occupied home loan at a 20% or greater down payment with a credit score of at least 740.

Terms & Conditions include a $16,000 seller contribution as part of the preferred lender incentive paid by Perry Homes. The incentive is available on any new purchase contract as of September 19, 2022 & can change at any time at the seller’s discretion.

Perry Homes is not a mortgage lender. Terms & conditions are subject to change. Interest rate is based on a 3.25% seller contribution at $16,000 (APR 5.662%).

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