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Home Buyer Incentives How to get a low-interest rate when buying a home right now.
Buyer IncentivesOnly at Jo & Co.

How to get a low-interest rate when buying a home right now.

written by Jordan Marie Schilleci, Realtor®, Jo & Co January 7, 2024

There are only two ways to get a low interest rate right now. There are temporary buydowns and permanent buydowns. But there are a lot of ways to get creative on how this happens. My favorite way is through new construction. New construction in terms of inventory homes is the best “deal” you are going to find right now in this current real estate market and climate. Below you are going to find a treasure map, or maybe one would call it a gift. But if you wanted the black and white version, below you are going to find the most recent interest rates of the builders in the Greater Houston Area that I have personally received in marketing directly from them. (And when you need a realtor to represent you, I cannot wait to take your call. Cheers, Jo. – 832-493-6685)

How to get a low-interest rate when buying a home right now in the Houston Suburbs.

Below are all of the top builders building in and around Houston, along with their most recent incentives, and links to all of the neighborhoods they are building in. Keep in mind the incentives are good for the new construction by that particular builder. Please reach out to me and we can navigate this together. I truly want to not just be your realtor, but your resource. Hugs.

P.S. When you use us as your realtor, we are covering the cost of your third-party inspection. Please contact us for more details, and when you buy a Centex home, we are cover the cost of your garage door system!

Tricoast Homes – FHA/VA rates as low as 3.75% on select Tricoast Homes. This rate is based on a 2-1 buydown. For FHA, the downpayment would be a minimum of 3.5%, and the buyer needs a minimum credit score of 680. In year one the buyer the buyer would have a monthly payment based on an interest rate of 3.75%, the second-year interest rate would be 4.75%, and the final rate (3-30 years) would be 5.75%. Keep in mind, that you can always refinance when the market dictates more favorable interest rates.

Tricoast Homes builds in some amazing neighborhoods. You can find them below.

Centex Homes is currently offering a 30-year fixed rate opportunity interest rate of 4.75%. You will also receive a closing cost credit of up to $10,000!

Centex Homes builds in some amazing neighborhoods. You can find them below.

Pulte Homes is currently offering a 30-year fixed rate opportunity interest rate of 4.75%. You will also receive a closing cost credit of up to $10,000! (Total savings are up to $50,000)

Pulte Homes builds in some amazing neighborhoods. You can find them below.

CastleRock Communities – At CastleRock they are offered a couple of different options when it comes to low interest rates. On select homes, they are offering a fixed interest rate of 5.99% or they are offering a 2-1 buydown (3.99% first year, 4.99% second year, and 5.99% as the final rate).

CastleRock Communities builds in some amazing neighborhoods. You can find them below.

Empire Homes – I am working on getting the exact percentage Empire Homes is offering right now. They are offered a rate buy down, and I will update this paragraph as soon as I have it.

Empire Homes builds in some amazing neighborhoods. You can find them below.

Shea Homes – Shea Homes is currently offering up to $20,000 towards closing costs. This can be used to pick what type of buy-down you would like to move forward with.

Shea Homes builds in some amazing neighborhoods. You can find them below.

Long Lake LTD – Long Lake LTD is currently offering a financing opportunity of a permenant buy down at 5.75% on select homes. Their incentives go up to $20,000 total.

Long Lake LTD builds in some amazing neighborhoods. You can find them below.

Toll Brothers Homes – Toll Brothers is offering rates as low as 5.49%. I have also seen them advertise a 5.99%. They aren't advertising it, but I am pretty sure we can also get you some closing cost assistance.

Toll Brothers Homes builds in some amazing neighborhoods. You can find them below.

Legend Homes – Legend Homes is offering interest rates as low as 4.25% (first year), 5.25% (second year), and 6.25% fixed rate years three and after. Plus you will also receive up to $7,500 toward closing costs.

Legend Homes builds in some amazing neighborhoods. You can find them below.

Century Homes – Century Homes is currently offering $10,000 towards your closing costs when you use their lender. They are also offering a move-in package which includes a washer, dryer, and refrigerator. I also viewed another notice saying they are offering interest rates as low as 3.5% for the first year on select homes. I assume it is one or the other. They are also offering a 30-year fixed-rate option of 5.5% for FHA and VA or 5.875% for conventional.

Century Homes builds in some amazing neighborhoods. You can find them below.

Drees Custom Homes – Take advantage of a 6.50% fixed interest rate on select homes ready now between October 1 – November 12, 2023, when you finance with their preferred lender. I also see a notice of “up to $25,000 in flex cash”, so that most likely is a better offer.

Drees Custom Homes builds in some amazing neighborhoods. You can find them below.

Taylor Morrison Homes – Save from $20,000 up to $50,000 on the price of select to-be-built homes. Available to all, regardless of who you choose to finance with or if you pay cash.

Taylor Morrison Homes builds in some amazing neighborhoods. You can find them below.

D.R. Horton – D.R. Horton has some of the best interest rate opportunities right now. The problem is when they advertise them, they are typically only good for 3-4 days. The last one I received was 3.99% in a 2-1 buy down. You will receive a 3.99% interest rate the first year, a 4.99% the second year of your loan, and 5.99% until you sell or refinance. They are also offering a total incentive valued up to $50,000 that can be used towards options, upgrades, the buydown program, and/or closing costs.

D.R. Horton builds in some amazing neighborhoods. You can find them below.

KHovnanian Homes – KHovnanian Homes' current incentive is a 5.99% fixed rate and up to $30k in savings on select homes. In another neighborhood, they are offering a buy-down starting at 3.99% for the first year. With how fast incentives are changing, it is best I reach out to the neighborhood of your choice to confirm.

KHovnanian Homes builds in some amazing neighborhoods. You can find them below.

Highland Homes – Now through October 31st contract an inventory home and receive $20k to buy down your interest rate, buy out your mortgage insurance, or eliminate or reduce closing costs OR receive $10k toward a new build home in Houston contracted Oct 1, 2023 – Oct 31, 2023 when you finance with Highland HomeLoans.  

Highland Homes builds in some amazing neighborhoods. You can find them below.

Beazer Homes – Beazer Homes has a couple of different opportunities right now, and the best one is a temporary buy-down starting at 4.25% on select homes.

Beazer Homes builds in some amazing neighborhoods. You can find them below.

Meritage Homes – With Meritage Homes you can save up to $45,000 & 5.875% interest rate. Or they are offering up to $25,000 to use any way you would like (buy down, lower purchase price, closing costs, or down payment).

Meritage Homes builds in some amazing neighborhoods. You can find them below.

Del Webb – Del Webb is a 55+ community builder. They have some of the most amazing opportunities right now. They are offering rates as low as 4.75% with savings up to $40,000.

Del Webb builds in some amazing neighborhoods. You can find them below.

Brightland Homes – Brightland Homes is offering a “move in quickly” incentive with a pick your low rate opportunity that comes with a free refinance + pick 2 move-in packages! Or you can build new with up to $40,000 toward design and structural options + up to $15,000 in finance options.  

Brightland Homes builds in some amazing neighborhoods. You can find them below.

Perry Homes – Perry Homes is currently offering a fixed interest rate of 5.99%.

Perry Homes builds in some amazing neighborhoods. You can find them below.

HistoryMaker Homes – HistoryMaker Homes is currently offering rates as low as 5.99% on select Homes.

HistoryMarker Homes builds in some amazing neighborhoods. You can find them below.

I am so excited to bring this blog post to you. I cannot wait to see what you choose and what you build with this amazing opportunity. I really hope to be there by your side as you start the next chapter of your life. If you are ready for the next steps, I would love to assist you. My cell phone number is 832-639-1435, my email address is [email protected], and you can even schedule a call with me here. Hugs, Jo.

I hope you have found this blog post super helpful. If there is anything else we can do for you, including helping you sell (or buy) a home, I would be honored to assist. I hope you have a great day/evening.

download_our_local_maps

We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Thoughtfully written for you. Hugs, Jo.

We are Waiting for You

If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!

If you are overwhelmed..

Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious about what to look at next! Thank you for trusting us.

What next?!

• Navigate our Blog: https://byjoandco.com/categories-to-help-you-navigate-the-blog/
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
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