Low Fixed Rate Financing on Northern California New Homes

by Shea Homes Northern California on April 7, 2011

Visit Northern California communities in Benicia, Livermore, Mountain House, Oakley, Santa Clara, West Sacramento, Rocklin, and Roseville and tour homes qualifying for this fixed rate buy down.

Many experts believe we have reached the bottom of the market, and we have already begun to see interest rates start to rise. For a limited time, Shea Homes will pay to reduce your interest on a fixed rate 30-year mortgage, so you can take advantage of low prices on newly completed homes while locking in a low fixed rate. This Sure Step program is based on a 30-year fixed loan where Shea Homes will buy down your interest rate the first year to 2.75%, the second year, 3.75% and the remaining three to thirty years, the rate is locked down at a low 4.75% interest with an overall APR of 5.445% (based on a purchase price of $450,000). This is not an adjustable rate mortgage (ARM) and will not adjust to market conditions. The program is based on an FHA loan, so you’ll only need 3.5% down to qualify and a minimum FICA score of 640. With interest rates starting to rise, this is your opportunity to purchase a Shea home at a great value and lock in your interest rate now.

This program only applies to select homes in each community in the Bay Area and Sacramento and quantity is limited. To find out which homes apply please contact and speak with a Shea Homes’ Sales Representative at the community of your choice. The purchase agreement must be written no later than April 30, 2011 and the home must close escrow no later than May 31, 2011 to qualify.

{ 2 comments… read them below or add one }

mehran maghsoodi April 12, 2011 at 7:44 am

Hello,
I have around $450,000 cash and my credit score is 730-760
i need to purchase some income property. can your company
help me/
mehran

Reply

Meridith Doucette April 13, 2011 at 1:54 pm

Hi Mehran,

One of our Shea Homes Customer Information Specialists will contact you via email. Thanks!

Reply

Leave a Comment

Previous post:

Next post: