DR Horton is doing something interesting in the T.V. these days, they are doing their own Financing and offering zero down and zero closing costs, they have been real aggressive in the T.V. with price reductions early on moving before most of the other builders did. This I think for them will be a big advantage and a very smart move. Going to be hard to compete with zero down zero closing builder financing these days. And at these price levels in the T.V. I think they are not going to have a lot of these come back to Haunt them.
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Yeah wierd stuff…here’s the disclaimer:
Above numbers are estimates only. Actual costs may vary. Monthly payments are based on the following: 5.99% (6.464% APR) interest rate on a FHA 30-year fixed mortgage for 97% of the purchase price with 3% down payment assistance from Genesis with all closing costs paid by seller. Special loan financing being offered by Seller’s preferred lender, DHI Mortgage, CA Dept of Real Estate License #4130364, and available only for select homes at the above listed communities that are scheduled to close escrow within the next 30 days. Special financing requires full documentation (income, assets) verified and subject to credit approval with a minimum 720 FICO score.
