*Rate example is based on a sales price of $200,000 with 3.5% down payment and minimum credit score of 620. The mortgage is a 30 year-fixed rate FHA loan with a seller paid 2-1 buydown on a base loan amount of $196,378; 1st year interest rate of 2.75%, 2nd year interest rate of 3.75% and years 3-30 at 4.75% (5.454% APR). 2-1 buydown requires estimated monthly principal and interest payments as follows: Year 1 $802 , Year 2 $910, Years 3-30 $1,025. Monthly taxes, HOA, mortgage insurance and hazard insurance are additional and are not included in the above payments.
**Rate example is based on a sales price of $250,000 with a 10% down payment and minimum credit score of 740. The mortgage is a 30 year-fixed rate conventional loan with a seller paid 2-1 buydown on a base loan amount of $225,000; 1st year interest rate of 2.75%, 2nd year interest rate of 3.75% and years 3-30 at 4.75% (5.249% APR). 2-1 buydown requires estimated monthly principal and interest payments as follows: Year 1 $919 , Year 2 $1,043, Years 3-30 $1,174. Monthly taxes, HOA, Mortgage insurance and hazard insurance are additional and are not included in the above payment. Loan programs are subject to credit approval and are offered
through Standard Pacific Mortgage, an Equal Opportunity Housing Lender. Interest rates, loan programs, sales price and payments are estimates only and are subject to change without notice. Restrictions may apply. Buydown Rates are only valid on purchases written and accepted after 11/20/09 and that close by 12/18/09. Sales prior to 11/20/09 are excluded. Funds are limited and promotion ends upon exhaustion of funds. See sales for details. Standard Pacific Mortgage, INC. is licensed by: the North Carolina Commissioner of Banks AL-146109-101,-102,L-146109. 11-20-09
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