*Stay In Your Home: The loan programs advertised include a short-term Bridge Loan intended for use during the construction phase and until permanent financing is secured. The Bridge Loan features an interest rate of 7.999%, with APR of 14.525%, and an estimated monthly interest-only payment of $1,833.10. The disclosed APR reflects the payment of 1.75 discount points. The quoted interest rate assumes a purchase loan with a $550,000 loan amount, a 80% combined loan-to-value (CLTV) ratio, and a minimum FICO score of 680 for a primary residence. The builder is responsible for covering the interest-only payments until the issuance of the Certificate of Occupancy. Thereafter, the borrower will assume responsibility for any remaining payments on the Bridge Loan until permanent financing is arranged. The equity from the cross-collateralized property is used in lieu of the down payment. The permanent financing advertised is a 30-year fixed-rate Conventional loan with an interest rate of 5.875%, an APR of 6.019%, and a monthly mortgage principal and interest payment of $3,253.  The disclosed APR reflects the payment of 1.00 discount points. The quoted interest rate assumes a $550,000 loan amount, a 80% loan-to-value (LTV) ratio, and a minimum FICO score of 680 for a primary residence.

For these Promotional Rates, the actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 09/01/2024 and are subject to change without notice. Must complete the pre-construction meeting within 30 days of the initial contract and loan close within 60 days of the initial contract. Cannot be combined with other offers.

**No-Cost Refinancing: 3^rd party fees include lender fees, title fees, recording fees, and do not include discount points or taxes and insurance (and setting up impound accounts).  The appraisal fee will be reimbursed as a line item credit to the borrower at closing.
Schumacher Mortgage is an Equal Housing Lender NMLS #2101256; 2715 Wise Ave NW, Suite 100, Canton, OH 44708. Corporate phone (330) 249-7484. Regulated By Ohio Division of Financial Institutions - Ohio Residential Mortgage Lending Act Certificate of Registration, License # RM.804719.000; For more licensing information visit: https://schumachermortgage.com/licensing-information/. Promotional Interest Rate(s) are available if the home is financed with Schumacher Mortgage LLC (NMLS #2101256). You are free to finance your home purchase transaction with any lender you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase with Schumacher Mortgage LLC.