Rate Drop Celebration!

Enjoy limited-time LOW Interest Rates with LOWER monthly payments at these three communities! With rates as low as 3.25% and payments starting at $1,495!*

Visionary Homes wants to help you attain a brand new home in today's changing market. That is why we are partnering with First Colony Mortgage to assist our townhome buyers with a rate buy down saving you money each month and helping secure your long-term interest rate. Don't wait to watch rates, but instead, act on this offer to start investing in your future today.

Check out our three available townhome communities | 3/2/1 Rate Buydown:

Village at Fox Meadows Townhomes - Smithfield, UT

Prices starting at $357,990

Ridgeline Park Townhomes - Nibley, UT

Prices starting at $344,990

North Point Townhomes - Brigham City, UT

Prices starting at $349,990

Sunrise Ranch Townhomes - Mapleton, UT

Prices starting at $464,990

ASK A QUESTION OR SCHEDULE AN APPOINTMENT HERE

How does a 3/2/1 Mortgage Rate Buydown work?

As mortgage rates have climbed there are options to help people save money including a 3/2/1 mortgage rate buydown. With this type of mortgage, buyers lock into a current mortgage rate, but for the first year that rate is reduced by 3%, and in the second year the rate is reduced by 2% and the third year by 1%. Then beginning in the fourth year of the mortgage, the rate will be the original locked-in rate.

There is an up-front cost for this program, but you are in luck. For buyers who qualify and purchase one of our select multi-family homes and finance with First Colony Mortgage, we will cover that upfront cost to save you money right away!

*Mortgage rate buydown (3/2/1 buydown) reduces the note interest rate (6.25%, APR 7.042%) the first year to 3.25%, the second year to 4.25%, third year to 5.25%. The interest rate reverts to the original 6.25% rate in years 4 through 30. Based on an FHA mortgage with a buydown and a 3.5% down payment required with a minimum 680 credit score. Rates valid as of 08/12/2024. Rates are subject to change without notice and all buyers must qualify. Must use preferred lender First Colony Mortgage (NMLS# 3112) to obtain offer. See preferred lender for complete details and program information. Offer of 3/2/1 rate buydown available on participating townhomes through 09/30/2024.

**Example payment for illustrative purposes only. Payment scenario based on $349,990 purchase price with 3.5% down payment on an FHA mortgage with 3/2/1 rate buydown. This is principal and interest only, and does not included any applicabe taxes, mortgage insurance or other insurances. Numbers based on 680+ credit score. Rate is 6.25% (APR 7.042%) as of 08/12/2024. These numbers are for example purposes only, not a commitment to lend. Rates are subject to change without notice and all buyers must qualify.