(30-year, fixed-rate FHA loan from HomeAmerican Mortgage Corporation)
Estimated monthly principal and interest payment. Taxes, hazard insurance premiums and monthly mortgage insurance premiums are not calculated in the above payment and actual payment will be higher.
Has renting become a habit for you? Are you just stuck in your comfort zone? It may be time to move on...and into a brand new home! Why is Richmond American the builder to help you achieve the American Dream?
We understand that homeownership is a big step, but we're experienced and ready to walk you through the process. See what sets us apart:
Richmond American offers more ways to personalize your home—no matter the price point. You can stop renting without sacrificing on style. No cookie-cutter homes! Do you have your heart set on a certain flooring/cabinet/backsplash option? We'll work with your taste and budget. Learn more here.
Our Seasons™ Collection is specially designed to offer a variety of popular features—all at an amazing price point. When buying is more affordable, the decision to kick the renting habit is easy! Find out more.
When you finance through HomeAmerican Mortgage Corporation
* Financing is provided by HomeAmerican Mortgage Corporation. See licensing information below. Estimated payment is based on a sales price of $240,000 and a 30-year FHA fixed-rate loan with an interest rate of 3.500% and a 3.5% down payment. The total loan amount, including the upfront mortgage insurance premium, is $235,653.00. Monthly principal and interest payment = $1,058.19. APR = 4.563%. Taxes, hazard insurance and monthly mortgage insurance premiums are not calculated in the above payment and actual payment will be higher. Financing is available to owner occupants only and is subject to availability, a debt-to-income ratio of 43% or less, a maximum 96.5% loan-to-value ratio, FHA maximum loan limits, qualification using full documentation and a minimum FICO score of 640. Interest rate is not guaranteed and is subject to change without notice.
** Offer is valid for new buyers on new contracts with Richmond American Homes of Arizona, Inc. for Seasons™ Collection homes at select communities, when financing is provided by HomeAmerican Mortgage Corporation (see licensing information below). Buyer must sign a contract by December 31, 2019, and close in a timely manner. Refrigerator, washer and dryer are base models. Promotion value shall not exceed a maximum of $3,500. Promotions must be mentioned at time of contract and are not valid on lot or community transfers, plan changes or in conjunction with any other promotion. Richmond American reserves the right to change or withdraw this promotion at any time without notice. Visit the Sales Center for details and limitations.
HomeAmerican Mortgage Corporation's principal offices are located at 5775 DTC Boulevard, Suite 300S, Greenwood Village, CO 80111. HomeAmerican Mortgage Corporation (NMLS Unique Identifier #130676; NMLS Consumer Access website: http://www.nmlsconsumeraccess.org), 866.400.7126. Arizona Mortgage Banker license #0009265. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. In Nevada, all advertised loans are offered and funded by HomeAmerican Mortgage Corporation, which can be contacted at 7770 S. Dean Martin Drive, Suite 308, Las Vegas, NV 89139, 702.638.4450, License #67. Oregon License # ML-5694.
The Richmond American Homes companies (RAH) and HomeAmerican Mortgage Corporation (HMC) are owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. RAH and HMC offer services independently of each other, and if you obtain a product or service from one company, you are not required to utilize the services of, or obtain products from, the other company. Your decision to use a company that is not affiliated with RAH or HMC will not affect your ability to obtain products and services from these companies.
©2019 Richmond American Homes, Richmond American Homes of Arizona, Inc. (a public report is available on the state real estate department’s website), Richmond American Construction, Inc. ROC #206612.