Summer Sale Event

Summer Sale Event

Save money now with our 2/1 Rate Buydown Event! With rates as low as 5.50%!* (APR 7.698%)

As summer is officially kicking off so is homebuying season. We want to help our Visionary Homes buyers save money now! We are offering an exclusive 2/1 mortgage rate buydown on select Townhomes and Condos, saving buyers 2% on their mortgage rate in the first year, and 1% on the rate in the second year. This 2/1 mortgage is available to buyers in these communities that use our preferred lender First Colony Mortgage and go under contract on a select multi-family home before the end of June 2024. 


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How does a 2/1 Mortgage Rate Buydown work? 

As mortgage rates have climbed there are options to help people save money including a 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 2%, and in the second year the rate is reduced by 1%. Then beginning in the third year of the mortgage, the rate will be the original locked-in rate. 






TOWNHOME EXAMPLE


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! 




Check out our available communities in the Summer Sale Even | 2/1 Rate Buydown: 

Northern Utah - 

Wasatch Front - 

St. George - 




*Example payment for illustrative purposes only. Payment scenario based on $299,900 purchase price with 5% down payment on a conventional mortgage with 2/1 rate buydown. This is principal and interest only, and does not included any applicable taxes, mortgage insurance or other insurances. Numbers based on 740 credit score. Rate is 7.50% as of 5/26/2024. These numbers are for example purposes only, not a commitment to lend. Rates are subject to change without notice and all buyers must qualify. See preferred lender for complete details and program information.  
Offer of 2/1 mortgage rate buydown available in select Visionary Home communities and only on specific townhomes and condos. Buyer must use Visionary Homes' preferred lenderFirst Colony Mortgage and go under contract on a specific townhome or condo by June 30, 2024, to qualify for a mortgage buydown offer. The payment example above is for illustrative purposes only, and not a guaranteed payment amount or mortgage rate, rates are subject to change without notice. See the agent for complete details. Offer valid through 06/30/2024.