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^Lakes of Champion's Estates is offered by K. Hovnanian of Houston II, L.L.C.. Option 1: Offer available on select quick move- in homes for new contracts written on or after 3/ 1/ 23 and close by 4/ 30/ 23. See a Sales Consultant for full details on select QMI homes, not available in all states, communities or homes. Special Interest Rate Financing options, builder options, upgrades, and/ or closing costs will vary by
community and homesite, and are subject to change without notice. A sample interest rate of 5.25%(5.332%APR) for a 30- year fixed, owner occupied, conventional mortgage. Terms available as of 3/ 1/ 2023 factoring in prepaid interest, closing costs, and a purchase price of $475,000 with 20%down payment. Rates may change or not be available or funds may be exhausted at the time of loan commitment, lock- in or closing. Special Interest
Rate Financing may change or not be available or funds may be exhausted at the time of loan commitment, lock- in or closing. This is a limited time promotion, available until funds are exhausted. Buyer is subject to qualifications for specific loan terms, occupancy, down payment, credit and underwriting requirements, and/ or investor program guidelines. Special Interest Rate Financing is not applicable for all credit profiles. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. Offer
requires financing through seller's affiliate K. Hovnanian American Mortgage, L.L.C. (KHAM), but use of KHAM is not required to purchase a home. For information regarding current market rates, please visit http:// www.freddiemac.com/ pmms. This statement is no guarantee of the present or future market conditions and market values. Incentives may not be combined with any other offers. Seller contribution limits apply and may affect maximum financing. Maximum closing cost assistance may vary based on the purchase price, product and occupancy. Incentives are based on the use of K. Hovnanian American
Mortgage, L.L.C. ("KHAM"). K. Hovnanian's Four Seasons communities are intended to provide housing primarily for residents 55 years of age or older. Additional restrictions, including limitations on the ages of additional permanent and temporary residents of a home, may apply. All K. Hovnanian's Four Seasons communities shall be operated as age- restricted communities in compliance with all applicable local, state and federal laws. Limited exceptions for residents 50 years of age or older may apply.
K. Hovnanian is not acting on behalf of or at the direction of HUD/ FHA or the Federal government. Subject to final negotiation of contract terms and is subject to all RESPA guidelines. K. Hovnanian Homes is not a lender. K. Hovnanian American Mortgage, L.L.C. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Mortgage Banker Registration issued by Texas Department of Savings and Mortgage Lending.
OR
*Option 2: The list price for qualifying quick move- in homesmay reflect the base sales price reduction.
^^Terms and Conditions: Offer is subject to program requirements, credit and underwriting approval, and use of K. Hovnanian American Mortgage, L.L.C. (KHAM) for the initial financing of your K. Hovnanian Home purchase. Limited to one- time rate and term refinance (no cash out) per household within the first three (3) years from KHAM closing date with at least six (6) consecutive on- time payments must have been made on the initial loan before applying for the refinance program. Restrictions apply and not
redeemable for subsequent refinances. KHAM may use premium pricing, or higher rate at time of refinance to offset certain fees and costs typically paid by the borrower in cash at closing. Covered Fees may include for qualifying borrowers (if applicable): Owner and Lender's Title Insurance Policy (borrower to provide to KHAM original Owner's policy from initial closing prior to refinance), appraisal, flood certification, credit report, processing, underwriting and application fees as well as other Title Settlement
Fees (including deed preparation, courier messenger fees, and endorsements). The following charges are not closing costs and always remain an expense to the borrower: Discount points related to borrower choosing to buydown to a lower rate than KHAM is offering for the refinance program, prepaid escrows (including mortgage insurance premiums, interest, property taxes, homeowners insurance, Upfront Mortgage Insurance
Premium (UFMIP), and any escrow accounts. To the extent borrower has an escrow account established on their current loan, it is customary that escrow balance is returned to the borrower after their initial loan is paid off. The borrower and property must qualify for the refinance, including meeting all applicable underwriting guidelines and closing conditions as they are in effect at the time of approval. This is not a
guarantee that the borrower or the property will qualify for a refinance, nor is it a guarantee that a lower interest rate or payment can be provided to the borrower by KHAM. The offer is only available to borrowers if the appraisal returns an equal or higher home value at the time of the refinance. The borrower must have closed on their owner- occupied K. Hovnanian Home, with a loan that is a non- bond program FHA, VA, USDA or Conventional conforming or high balance loan to be eligible for the program. Not valid
on non- qualified mortgages, jumbo, alternative document, second homes, or investment properties. To be eligible, the refinance must be a first lien rate and term refinance (no cash out) on the same property and paying off the loan originally financed by KHAM. KHAM reserves the right to modify or discontinue products, promotions, and benefits at any time without notice. Rates and terms are subject to change at any time without
notice and are subject to state restrictions. Equal Housing Opportunity. K. Hovnanian American Mortgage, L.L.C. 3601Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Not all borrowers will qualify. Additional terms and conditions apply, call for details. Equal Housing Opportunity.
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