Your Choice.

30-Year Fixed Rate or ARMs — it’s your choice. See how much you can save when you compare monthly payments at today’s market rates through our buy-down financing in these two examples. Our rate rollback program is available on all Northbank models.

 

$15,000 off Closing Costs

We realize other expenses may have eaten into your budget, too.
So to make things as easy as possible, we’re giving you $15,000
towards your closing costs.

Explore Homes 

Rate Rollback Only Available for a Limited Time

Let us help you take advantage of this amazing offer. Make an appointment with our Northbank sales team today. They’ll not only help you choose the model perfect for your new life on the water, they’ll connect you to our preferred lenders offering these exclusive rates and help you through the pre-qualification process.

Make an Appointment 

*Receive a mortgage interest rate lock and buydown incentive from builder when you purchase a new home at Northbank for list price and finance the purchase of your new home through one of our preferred mortgage companies. Please contact our onsite Sales Managers or visit our onsite sales gallery to learn more about our available homes and incentive programs.

Incentive not available on existing contracts. Certain loan programs may not qualify for the full incentive. The value of the incentive may vary, may not be applied to the purchase price of the home, and is subject to a cap. Any unused portion will be forfeited. Incentive does not include payment of prepaid taxes, property or mortgage insurance, or mortgage installments. Incentive applied at closing. Federal and state taxes, if any, are the responsibility of the recipient. Void where prohibited. This is not an offer to lend.

30-year fixed mortgage rates effective 7/29/22 and are based on a 360-day rate lock for conventional 30-year fixed rate mortgage financing. Comparative “market rate” versus “rewind financing” loan scenarios for the Anderson Model assume an owner-occupied purchase with a $589,900 purchase price, loan amount of $471,920, so a $117,980 down payment (20%) and 740 credit score. Market Rate Scenario with a 0.375% rate add on assumes an interest rate of 5.35% (5.444% APR), with a monthly P&I payment of $2,642 and $0 in points but $1,769 in rate lock fees. Rewind Financing Scenario #2 assumes an interest rate of 4.75% (4.816% APR), with a monthly P&I payment of $2,461 and $7,668 points and rate lock fees (paid by the builder). Comparative “market rate” versus “rewind financing” loan scenarios for the Essex Model assume an owner-occupied purchase with a $1,039,900 purchase price, loan amount of $831,920, so a $207,980 down payment (20%) and 740 credit score. Market Rate Scenario with a 0.375% rate add on assumes an interest rate of 5.00% (5.055% APR), with a monthly P&I payment of $4,465 and $0 in points but $3,119 in rate lock fees. Rewind Financing Scenario #2 assumes an interest rate of 4.50% (4.553% APR), with a monthly P&I payment of $4,215 and $13,418 in points and rate lock fees (paid by the builder).

10/6 ARM rates effective 7/27/22 and are based on a 360-day rate lock adjustable-rate mortgage financing. Comparative “market rate” versus “rewind financing” loan scenarios for the Anderson Model assume an owner-occupied purchase with a $589,900 purchase price, loan amount of $471,920, so a $117,980 down payment (20%) and 740 credit score. Market Rate Scenario with an interest rate of 5.125% (5.198% APR), with a monthly P&I payment of $2,570 and $0 in points with a 1% lock deposit (fully refunded at closing). Rewind Financing Scenario #2 assumes an interest rate of 4.375% (4.448% APR), with a monthly P&I payment of $2,357 and $11,798 in points (paid by the builder) and 1% lock DEPOSIT paid by the borrower (fully refunded at closing). Comparative “market rate” versus “rewind financing” loan scenarios for the Essex Model assume an owner-occupied purchase with a $1,039,900 purchase price, loan amount of $831,920, so a $207,980 down payment (20%) and 740 credit score. Market Rate Scenario with an interest rate of 5.125% (5.198% APR), with a monthly P&I payment of $4,530 and $0 in points with a 1% lock deposit (fully refunded at closing. Rewind Financing Scenario #2 assumes an interest rate of 4.375% (4.448% APR), with a monthly P&I payment of $4,154 and $20,978 in points (paid by the builder) and a 1% lock deposit paid by the borrower (fully refunded at closing).

Locking your interest rate does not guarantee that your new home will be complete by the expiration of the interest rate lock period. Additional terms may apply. Rates, terms, and availability of programs are subject to change without notice.