LIMITED-TIME OFFER: Seller
Buy-Down to 4.99% Financing
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What is a Rate Buy Down?
The seller is paying money upfront to lower the interest rate on a mortgage for the first 7 years.
Here’s the Simple Version: When you get a home loan, the interest rate determines how much your monthly payment is. A lower rate means a lower payment. A buy-down lets you (or in this case, the seller) pay a chunk of cash at closing to “buy” that rate down to something lower than what you’d normally qualify for.
Think of it like pre-paying some of your interest in one lump sum so your monthly payments shrink.
At MIRA, the seller-paid buy-down is covering that upfront cost, so the buyer gets the benefit of a 4.99% rate without paying for it out of pocket. If the going market rate were, say, 6.5%, that difference could save the buyer a few hundred dollars every month.
DISCLOSURES: Copyright © LoanPeople ® (NMLS:1885352) | nmlsconsumeraccess.org). All rights reserved. Financing by LoanPeople, LLC HQ: 3420 Exec. Center Dr #300 Austin, TX 78731. Equal Housing Lender. All apps must be submitted in writing. Not all applicants will qualify. All loans subject to borrower & Prop. quals. Info., current at time of pub, but w/out notice, rates, fees & terms subject to change. Contact, lic., TX consumer complaints: loanpeople.com/CCRFN. All terms and conditions are subject to credit approval, market conditions, and availability. Springdale-Gonzales Development, LLC has secured, through LoanPeople, a fixed interest rate for a specified pool of funds. This rate is only available until the pool of funds is depleted or the rate expires. The advertised offer applies exclusively to Mira on Springdale purchased as the borrower's principal residence. Not all borrowers will qualify for the advertised rate, and it is not applicable for all credit profiles. Restrictions apply. Buyers are not required to finance through LoanPeople to purchase a home; however, to receive the advertised offer, buyers must use LoanPeople. Additional closing costs will apply. Please contact LoanPeople for complete eligibility requirements and program details. This offer may not be combined with other available LoanPeople offers or discounts. Property restrictions apply. Estimated monthly payment scenario is for information purposes only. Actual monthly payment and APR may be different based on borrower and property qualifications and variable market conditions. Seller contributions toward closing costs cannot exceed the maximum allowed for the loan program chose. *Loan Scenario Assumptions: $3,880 Est. Mo. Pmt. (P&I) | $965,000 Purchase Price | 25% down | 4.990% Rate | 5.298% APR | CONV | 780 FICO | 7/6 Adjustable Rate Mortgage | Primary Occupancy
New construction townhomes on Austin’s East Side
East Side, Built New
MIRA brings new construction townhomes to the east side. Set just off Springdale with immediate access to the neighborhood’s best restaurants, coffee, and daily spots.
Modern, clean design with spacious layouts.
Move-in ready.
MIRA brings new construction townhomes to the east side. Set just off Springdale with immediate access to the neighborhood’s best restaurants, coffee, and daily spots.
Modern, clean design with spacious layouts.
Move-in ready.
Townhomes at Mira
- New construction
- East Side location
- Private residences with modern layouts
- Designed for full-time living or investment
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