Evermore Homes, LLC. | ©2025 All Rights Reserved | All drawings and written material appearing herein constitute the original and unpublished work of Evermore Homes and the same or any part thereof may not be duplicated, distributed, disclosed, or used in any manner without the written consent of Evermore Homes. Penalties shall apply when user duplicates Evermore Homes work, without Evermore Homes' written consent. All pricing, features, communities, plans, dimensions, square footage and terms are subject to change without notice. We reserve the right to modify, revise, and change designs, specifications, prices, colors, and materials from those shown without notice or obligation. Certain materials displayed are for conception and may not be standard. Illustrations are artists' concepts. Dimensions and square footage are approximate.
PAYMENT EXAMPLE: Based on a purchase price of $329,990, a 3.5% down payment of $11,549.65, a base loan amount of $318,440, plus financed FHA upfront mortgage insurance premium of $5,572.70, for a total loan amount of $324,012. Assumes a 680 FICO score and an initial interest rate of 3.75% (5.845% APR) on a 30-year FHA 5/1 Adjustable-Rate Mortgage. Initial principal and interest payment is $1,500.55 per month for the first 60 months. Monthly FHA mortgage insurance premium of approximately $145.95 is also required and, at this loan-to-value ratio (96.50%), continues for the life of the loan, bringing the total initial monthly payment to approximately $1,646.50. Payment amounts do not include property taxes, homeowners insurance, HOA dues, or other escrow items; your actual payment obligation will be higher. Borrower must complete a credit application, meet established credit guidelines, establish a tax and insurance escrow account, and pay the required 3.5% down payment. ADJUSTABLE RATE TERMS: The interest rate is fixed for the first 60 months. Beginning with month 61, the rate adjusts annually based on the 1-Year Constant Maturity Treasury (CMT) index plus a margin of 1.75%. As of 7/28/2026, the index was 4.14%, producing a fully indexed rate of 5.89%. Rate adjustments are limited to 1% at the first adjustment, 1% at each subsequent adjustment, and 5% over the life of the loan, for a maximum possible interest rate of 8.75%. If the rate increased to 4.75% at the first adjustment, the estimated principal and interest payment would be approximately $1,663.96 per month. At the maximum possible rate, the estimated principal and interest payment would be approximately $2,342.21 per month. The interest rate will not be less than 3.75%. Because the initial rate is at the rate floor, your payment may increase but will not decrease as a result of rate adjustment. No prepayment penalty applies. Interest rates effective 7/28/2026 and subject to change without notice. NorthStar Mortgage Advisors does business in accordance with federal fair lending laws and is approved to participate in FHA programs; however, the products and services described are not provided by or approved by HUD or FHA. Davidson Homes is not a mortgage broker or lender and does not make credit decisions. There is no financial affiliation or association between Davidson Homes and NorthStar Mortgage Advisors; each entity is independent and responsible for its own products, services, and incentives. Pricing, features, and availability subject to change without notice. See New Home Consultant for complete details.
