Financing Solutions
aDoor Properties is offering two solutions to our buyers at The Block at Bartels saving you thousands of dollars
Both upfront and over the years!
WE HAVE THE SOLUTION FOR YOU!
Partner with our preferred lender
When you partner with our preferred lender, FBC Mortgage, we can offer two great solutions to get you into your new home at The Block at Bartels.
Solution 1 - The 2/1 Buy Down
Between FBC Mortgage and aDoor, we will buy down your interest rate by two percentage points for year 1 of your mortgage and one percentage point for year 2.
What are the Perks of this Option?
- Save Monthly with reduced initial payments
- Free up funds for the desired personal touches to your home
- Fixed interest rates on Conventional and VA Loans
- Program available for eligible move-in ready primary and secondary homes.
Example: Total Savings $11,343.52
This is an interest rate buy-down example for the Alston house plan at 110 South I Street.
See how this program works with a purchase price of $579,000.
Year | Rate | APR | Monthly P+I Payment | Monthly Savings | Yearly Savings |
Year 1 | 3.625% | 5.681 | $2,380.18 | $624.23 | $7,490.77 |
Year 2 | 4.625% | 5.681 | $2,683.35 | $321.06 | $3,852.75 |
Year 3 | 5.625% | 5.681 | $3,004.41 | - | - |
This scenario is an estimate only and is based on 700 FICO score and a 2/1 buydown on a total Conventional loan amount of $521,910. The purchase price of $579,900 at 90% LTV with a starting rate of 3.625% with an APR of 5.681% and an end rate of 5.625% APR. 30-year agreement (360 months).
Partner with our preferred lender
When you partner with our preferred lender, FBC Mortgage, aDoor is offering two great options to get you into your new home at The Block at Bartels.
Solution 2 - Extended lock rates
When you purchase a new construction home built by aDoor Properties, FBC Mortgage can lock your current interest rate in for up to 345 days!
What are the Perks of this Option?
Homebuyers can submit an offer on their Block at Bartells dream home (regardless of the completion date) and lock in on current interest rates.
Example of What You can Save
This is an example of what you stand to save for the Alston House Plan at 110 South I Street. See how this program works with a purchase price of $579,900.
Interest Rate | APR | Monthly P+I Payment | Difference in Monthly | Difference in 30 Year |
5.625% | 5.681 | $3004.41 | - | - |
6.625% | 6.689 | $3341.85 | $337.44/m | $121,478.40 |
7.625% | 7.697 | $3,684.05 | $679.64/m | $244,670.40 |
Scenarios are estimates only and are based on a 30-year (360 Months) Conventional fixed-rate mortgage with a total purchase price of $579,900 at 90% LTV, for a loan amount of $52,1910. These are hypothetical rates only and FBC is not stating these rates are future rates.
FBC Mortgage, LLC NMLS# 152859. Program terms, rates, and conditions are subject to change without notice. All products are subject to credit and property approval. All loan terms and rates are subject to final lender approval. FBC Mortgage, LLC and aDoor Properties are not affiliated and have no shared ownership. For specific information on the down payment, credit, and loan scenarios, please contact your licensed mortgage consultant. This is not a commitment to lend.