Coventry Homes is offering home buyers a trio of money-saving choices during its Buyers Choice Sales Event.
Homebuyers can choose their own way to save on the cost of a new home with the latest promotion from Coventry Homes.
During the Buyers Choice Sales Event, June 17-30, Houston-area buyers who use the builder’s preferred lender can choose from three money-saving options — paying no closing costs, an interest rate buy down or an extended interest rate lock —when they purchase a new Coventry home.
“The economy has some people considering hitting the pause button on their dreams of home ownership,” said Paul Blackburn, region president for Coventry Homes. “There are worries about closing costs and rising interest rates. We want to help them save money in a way that works best for them now and in the future.”
In Texas, closing costs average 2 to 3 percent of the cost of a home. For a $300,000 home, closing costs can run from $6,000 to $9,000. Closing costs are due when the final paperwork is signed.
An interest rate buy down allows homebuyers to pay extra money to get a lower rate interest for a certain number of years. Interest rate buy downs can help home buyers pay less interest over the life of their loan and save on monthly payments.
An extended interest rate lock allows buyers to cap their interest rate, protecting the buyer if interest rates rise before the home closes. In addition, in most instances, homeowners can refinance their loan at a later date if interest rates go lower, Blackburn said.
Coventry Homes builds in 27 Houston-area communities, including Grand Central Park in Conroe, Costal Point in League City, Sienna in Missouri City and Cane Island in Katy. Homes are priced from the $300,000s to more than $1 million.
To learn more about Coventry Homes, visit www.coventryhomes.com.
