At The Brooks, we can help you turn back the clock on interest rates. Through our exclusive Developer Buydown Program, the seller will pay up to 3% to buy your interest rates down. Rewind those rates and get in a brand-new home today at 5.5%, saving up to hundreds of dollars each month on your mortgage payment. With newly reduced pricing on our final homes, there has never been a better time to invest in yourself and buy your dream home at The Brooks at Historic Walter Reed.
Choose How You Save…
How should you apply the savings from our limited-time offer? That’s up to you. We give you three great options to consider:
- Buy Down Mortgage Rates
(checkout the chart to learn how)
- Save on Closing Costs
- Prepay Condo Fees
Kicking yourself for missing out on lower interest rates?
The Developer’s contribution can reduce your monthly payment by hundreds of dollars every month for the life of your loan.
Rewind Financing Scenario: 10/1 ARM
Rates listed above were provided by a Designated Lender on 2/20/23. Rates are subject to change. Please consult with one of our designated lenders to receive current rates.
All programs assume a 720 credit score & 20% Down. Total payment shown is BEFORE potential tax savings.
And finally,
act quickly!
- This is it. There is only a single one bedroom, and three homes total remaining at The Brooks.
- Stop throwing money away in rent when you can OWN for less than you are paying today.
- Schedule your appointment or contact us today!
*Receive a mortgage interest rate lock and buydown incentive from Developer when you purchase a new home at The Brooks for list price and finance the purchase of your new home through one of our preferred mortgage companies. Please contact our onsite Sales Managers or visit our onsite sales gallery to learn more about our available homes and incentive programs.
Financing Scenario assumes a 10/1 ARM, rates effective 2/20/2023 and are based on a 60-day rate lock adjustable-rate mortgage financing. Comparative “market rate” versus “rewind financing” loan scenarios for the sample One Bedroom assume an owner-occupied purchase with a $399,900 purchase price, loan amount of $319,920, a $79,980 down payment (20%) and 720 credit score. Market Rate Scenario with an interest rate of 6.25% (6.36% APR), with a monthly P&I payment of $1,969 and $0 in points. Rewind Financing Scenario #1 assumes an interest rate of 5.5% (5.87% APR), with a monthly P&I payment of $1,816 and $9,597 in points and rate lock fees (paid by the builder). Comparative “market rate” versus “rewind financing” loan scenarios for the sample One Bedroom & Den assume an owner-occupied purchase with a $519,900 purchase price, loan amount of $415,920 a $103,980 down payment (20%) and 720 credit score. Market Rate Scenario with an interest rate of 6.25% (6.35% APR), with a monthly P&I payment of $2,560 and $0 in points. Rewind Financing Scenario #1 assumes an interest rate of 5.5% (5.86% APR), with a monthly P&I payment of $2,361 and $12,478 in points and rate lock fees (paid by the builder). Comparative “market rate” versus “rewind financing” loan scenarios for the sample Two Bedroom assume an owner-occupied purchase with a $649,900 purchase price, loan amount of $519,920 a $129,980 down payment (20%) and 720 credit score. Market Rate Scenario with an interest rate of 6.25% (6.35% APR), with a monthly P&I payment of $3,201 and $0 in points. Rewind Financing Scenario #1 assumes an interest rate of 5.5% (5.86% APR), with a monthly P&I payment of $2,952 and $15,597in points and rate lock fees (paid by the builder).
Incentive not available on existing contracts. Certain loan programs may not qualify for the full incentive. The value of the incentive may vary, may not be applied to the purchase price of the home, and is subject to a cap. Any unused portion will be forfeited. Incentive does not include payment of prepaid taxes, property or mortgage insurance, or mortgage installments. Incentive applied at closing. Federal and state taxes, if any, are the responsibility of the recipient. Void where prohibited. This is not an offer to lend. Additional terms may apply. Rates, terms, and availability of programs are subject to change without notice.
6803 Cameron Dr NW
Washington DC 20012
202.315.5431
Prices, terms and features are subject to change without notice.
Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development at www.dhcd.dc.gov regarding the availability of such units and requirements for registration in the Inclusionary Zoning program..