This is NOT a loan offer. Caviness & Cates or Cates Building, Inc., the seller, is not a lender and does not offer financing. The above calculator and any related information provide an example of mortgage payments calculated for general informational and educational purposes only, are based on the above sample data points and cannot be used to determine loan terms or costs for any actual mortgage loan. Sample results may not be available to you for financing purposes, or address all loan options or important considerations for home buying and financing decisions. Mortgage loan terms actually available to you depend on factors like the lender and loan type you choose, and are subject to credit approval, market conditions, availability, and other terms and conditions, including closing costs which may increase the monthly payment calculation.

* 3-2-1 Temporary Buydown: The sample interest rate and monthly payment shown in the above calculator are based on a Builder Forward Commitment buydown with the first-year rate of 3.25% (6.62% APR) under a 3-2-1 temporary rate buydown. With a 3-2-1 buydown, the interest rate is reduced by 3% below the note rate in year one, 2% below the note rate in year two, and 1% below the note rate in year three. Beginning in year four, the interest rate will be the full note rate for the remaining term of the loan. This means your monthly principal and interest payment will increase each year during the first three years and will be higher than the payment shown in the calculator beginning in year two. Borrowers must qualify at the full note rate. Buydown availability is limited to qualified borrowers and select homes, and additional terms and conditions may apply. Such rate is only available to qualified borrowers and homes until the pool of funds is depleted or the rate expires, and additional terms and conditions may apply. Not all borrowers or homes will qualify for a Builder Forward Commitment (BFC) rate, and said rate may not apply for all credit profiles. You are not required to obtain mortgage financing through First Point Home Loans to purchase a home from Caviness & Cates; however, use of First Point Home Loans, among other terms and conditions, is required to receive a buydown or BFC rate, if available, when purchasing a Caviness & Cates or Cates Building, Inc. home. 

Additional offers may be available. Caviness & Cates may offer other incentives that can be used to buy down your interest rate and/or cover closing costs. Incentives vary by community and home, are subject to change without notice, and cannot always be combined. To get pre-qualified and receive your specific monthly payment, speak with our preferred lender, First Point Home Loans, at 919-701-0143.

First Point Home Loans, LLC (financing partner) is an affiliate of Caviness & Cates Building & Development. All products are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Not all products are available in all states or for all amounts. First Point Home Loans is not acting on behalf of or at the direction of FHA/HUD/VA or the federal government. Other restrictions and limitations apply. This is not a commitment to lend. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. First Point Home Loans, LLC supports Equal Housing Opportunity | NMLS # 2615211, NC # B-223171, SC # 2615211 | (www.nmlsconsumeraccess.org) | 919-701-0143

Property Taxes, Home Insurance, Mortgage Insurance and Homeowners’ Association Dues are estimates in the community or locality where the property is located. This calculator and related information should not be construed as financial, legal, or tax advice, or as a commitment to lend. Please consult your own advisor. The calculator and related information are provided “AS-IS” AND WITHOUT REPRESENTATION OR WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED and without legal obligation on Caviness & Cates or Cates Building, Inc., including any duty to update or correct information herein. Please contact a mortgage lender of your choosing for actual loan information (e.g., available rates and terms) and for requirements related to loan products they make available to you.