This brand new home could be yours with an interest rate as low as 3.625%* (APR 5.88%)!

What is a 2-1 buydown loan?

A 2-1 buydown loan provides buyers a lower mortgage payment during the first two years of the loan. During the first year, the interest rate will be 2% lower than the note rate. The second year, the interest rate will be 1% lower than the note rate. Then, at the third year, the interest rate will move to the original note rate.



*The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. De Young Mortgage, cannot predict where rates will be in the future. Promotional rate applies to first two years only. The advertised loan program is a Temporary 2-1 Rate Buy-Down with a 30 year fully amortizing term. It provides an interest rate 2% below your note rate in year 1, and 1% below your note rate in year 2. In year 3, the loan will move to the note rate.

The advertised example is for a locked interest rate of 5.625%, Annual Percentage Rate (APR) 5.88%, the interest rate will be 3.625% for the first year (months 1-12). For the duration of year 2 (months 13-24), the interest rate will be 4.625%. In years 3-30 (the remainder of the loan), the interest rate will be fixed at 5.625%. The interest rate quoted assumes a $719,000 purchase price, 90% loan-to-value (LTV), and a minimum FICO score of 720 on a primary residence. The 2-1 Temporary Rate Buydown program applies to VA, FHA and conventional loans. It does not apply to jumbo loans or other loan programs. On a $647,100 loan, the monthly principal and interest payment would be $3,725.07 for years 3-30. Rates effective as of 12/07/2022. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s) and payment info is valid as of 12/07/2022 and assumes a first lien position, 720 FICO score, 90 day rate lock, based on a single-family home. All terms are subject to change without notice. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Contact De Young Mortgage, for more information. Available for conventional, FHA, VA, and loans only. 2-1 Buydown financing incentive is only available when financing through De Young Mortgage. 2-1 Buydown financing incentive cannot be combined with any other financing incentives or specials. Available on select homes only. Financing incentives, rate lock and buydown opportunities are subject to availability. This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice.

3075 Keats Ave, Clovis, CA

Spacious premium 9,820 sq. ft. homesite with 2,662 sq. ft. home! Do you love large kitchen islands and a spacious owner bathroom with an oversized closet? Are you looking for more living space? Then this brand new home that's currently under construction, could be right for you!



This expansive two-story home features a grand foyer entrance, as well as a gourmet kitchen open to the open-air outdoor courtyard, a great room & a formal dining room, 4 bedrooms, 3 bathrooms, and a 3 car garage!

• 2,662 Sq. Ft.
  
• 4 Beds
• 3 Baths
• 3 Car Garage
• Gourmet kitchen with walk-in pantry, extra large island open to outdoor courtyard
• Large covered porch and patio for outdoor living
• Expansive owner suite with extra-large walk-in closet
• Second floor laundry room with cabinetry
  

To learn more and schedule your tour of this brand new home, click here.

The Right Financing For You

De Young Properties is pleased to recommend the competitive lending advantage of our affiliate, De Young Mortgage. De Young Mortgage offers the smartest financing programs and one-stop financing to make the home-buying process simple and satisfying.

To learn more about financing your dream home, click here.