Homesite 2

LOW RATE ON THIS HOME!

First year payments as low as $2,801/mo* (2.875%, 5.966% APR) on Homesite 2, the Sydney floorplan!

Payment Rate Year 2: $3,088.66 @ 3.875%; APR: 5.966%

Note Rate Years 3-7: $3,394.84 @ 4.875%; APR: 5.966%

Conventional 7/6 Adjustable-Rate Mortgage (ARM) with a 2-1 temporary buydown available on select homes. The advertised Annual Percentage Rate (APR) of 5.966% is based on a Conventional Conforming 7/6 ARM, fixed at 4.875%/5.966% APR for the first 7 years of the loan (84 months), with a 2-1 temporary buydown using a 30-year amortization, with a Purchase Price of $649,000, Loan Amount of $519,200, minimum 740 FICO, Owner Occupied, 45 Day Lock Period. Payment Year 1: $2801.31 includes $2154.12 Principal & Interest, $80 estimated homeowners’ insurance, $307 estimated property taxes, and $260 HOA dues, Rate Year 1 @ 2.875%; APR: 5.966%.  Payment Year 2 $3088.66 includes $2,441.47 Principal & Interest, $80 estimated homeowner’s insurance, $307.19 estimated property taxes, and $260 HOA.  Rate Year 2 @ 3.875%, APR: 5.966%.  Payment Years 3-7 $3394.85: includes $2747 Principal & Interest, $80 estimated homeowners’ insurance, $307 estimated property taxes, and $260 HOA dues. Borrower may be responsible for mortgage insurance if applicable.  Note Rate Years 3-7: $3394.84 @ 4.875%, APR: 5.966%. 

The initial payment rate is 2.875% for year 1, 3.875% Year 2, 4.875% years 3 through year 7. After the first 7-year initial period, the variable interest rate and payment will adjust every 6 months with a lifetime cap of 9.875%. The variable interest will adjust every 6 months to the 30-Day average SOFR index (4.19115% as of 10/15/2025) plus the margin of 2.75%. The maximum interest rate change is up to 5% at the first adjustment, up to 1% every six months thereafter and a maximum lifetime rate of 9.875%. Please see reference the ARM disclosure for additional information upon application. The temporary buydown period which covers years 1-2 is prepaid by the Seller via an incentive (placed in custodial escrow account). The value of the incentive is up to $35,000. Purchase Agreement must be executed by 11/7/25 and close of escrow by 12/20/25. This is not an offer for an extension of credit nor a commitment to lend. Programs, rates, terms and conditions subject to change without notice. Restrictions may apply. All approvals subject to underwriting guidelines. Not all applicants will qualify. Incentive conditioned upon Buyer using Shea Mortgage. All rights reserved. Buyers are not required to use Shea Mortgage and may choose to decline any incentives tied to the use of Shea Mortgage.  North Carolina Commissioner of Banks - Financial Institutions License #L-106078-2710719. NMLS ID#2710719. For licensing information, please visit www.nmlsconsumeraccess.org.

Get Email and Text Updates

Receive the latest news and updates about Lachlan Park.