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Builder Spec Rate Locks

*Terms of Repayment Rates provided on 02/21/2025. Payment example: Home price $264,900, down payment 3.5%, loan amount $255,629, term 30 year, FICO 740, fixed rate 5.75% (APR 6.189%), monthly payment $1,491.78. Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.

Rate Advertised: 5.750% (APR 6.189%)*

Bella Homes has participated in the CMG Financial
Build & Lock Program to reduce the rate for 2109 Kali Lane, Greenville, NC 27834

Have questions? Reach out to me!

Cait Ferreira

Loan Officer | NMLS# 1943833

(508) 369-6103

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Specific Rate Possibilities By Loan Type >
Conventional
FHA
VA
10/6 ARM

Conventional

Rates based on builder concession

Standard rate with as little as 3% down.

Pricing with builder concession

To view repayment scenarios, click the numbers on the chart.
FICO
620 640 660 680 700 720 740 760 780
3%
6.625 %
6.625 %
6.500 %
6.500 %
6.375 %
6.375 %
6.375 %
6.250 %
6.250 %
10%
6.875 %
6.625 %
6.625 %
6.500 %
6.500 %
6.375 %
6.375 %
6.250 %
6.125 %
20%
6.750 %
6.625 %
6.500 %
6.500 %
6.375 %
6.375 %
6.250 %
6.125 %
6.125 %
25%
6.500 %
6.375 %
6.375 %
6.250 %
6.125 %
6.125 %
5.990 %
5.990 %
5.990 %
DOWN PAYMENT

*Table is a guide to anticipate pricing for primary residences when seller contribution is applied to today’s pricing. Down payment < 10% have a max contribution of 3%.

Rates provided on 02/21/2025. Payment example: Home price $264,900, down payment 3.5%, loan amount $255,629, term 30 year, FICO 740, fixed rate 5.75% (APR 6.189%), monthly payment $1,491.78. Monthly payment does not include taxes or insurance.

FHA

Rates based on builder concession

Standard rate with as little as 3.5% down.

Pricing with builder concession

To view repayment scenarios, click the numbers on the chart.
FICO
580 600 620 640 700 720 740
3.5%
6.625 %
6.000 %
5.990 %
5.875 %
5.750 %
5.750 %
5.750 %
5%
6.625 %
6.000 %
5.875 %
5.875 %
5.750 %
5.750 %
5.750 %
10%
6.625 %
6.000 %
5.875 %
5.875 %
5.750 %
5.750 %
5.750 %
DOWN PAYMENT

*Table is a guide to anticipate pricing for primary residences when seller contribution is applied to today’s pricing. Down payment < 10% have a max contribution of 6%.

Rates provided on 02/21/2025. Payment example: Home price $264,900, down payment 3.5%, loan amount $255,629, term 30 year, FICO 740, fixed rate 5.75% (APR 6.189%), monthly payment $1,491.78. Monthly payment does not include taxes or insurance.

VA

Rates based on builder concession

Standard rate with as little as 0% down.

Pricing with builder concession

To view repayment scenarios, click the numbers on the chart.
FICO
580 600 620 640 700 720 740
0%
6.750 %
6.500 %
5.990 %
5.875 %
5.875 %
5.750 %
5.750 %
5%
6.625 %
6.000 %
5.875 %
5.875 %
5.750 %
5.750 %
5.750 %
10%
6.625 %
6.000 %
5.875 %
5.875 %
5.750 %
5.750 %
5.750 %
20%
6.500 %
5.990 %
5.875 %
5.750 %
5.750 %
5.625 %
5.625 %
DOWN PAYMENT

*Table is a guide to anticipate pricing for primary residences when seller contribution is applied to today’s pricing. Down payment < 10% have a max contribution of 3%.

Rates provided on 02/21/2025. Payment example: Home price $264,900, down payment 3.5%, loan amount $255,629, term 30 year, FICO 740, fixed rate 5.75% (APR 6.189%), monthly payment $1,491.78. Monthly payment does not include taxes or insurance.

10/6 ARM

Rates based on builder concession

Standard rate with as little as 5% down.

Pricing with builder concession

To view repayment scenarios, click the numbers on the chart.
FICO
620 640 660 680 700 720 740 760 780
5%
7.500 %
7.250 %
7.250 %
7.250 %
6.750 %
6.750 %
6.750 %
6.750 %
10%
7.250 %
7.250 %
6.990 %
6.750 %
6.750 %
6.750 %
6.750 %
6.250 %
20%
7.250 %
6.990 %
6.750 %
6.750 %
6.750 %
6.500 %
6.250 %
6.250 %
25%
6.990 %
6.750 %
6.750 %
6.500 %
6.250 %
6.250 %
6.250 %
6.250 %
6.250 %
DOWN PAYMENT

*Table is a guide to anticipate pricing for primary residences when seller contribution is applied to today’s pricing. Down payment < 10% have a max contribution of 3%.

Rates provided on 02/21/2025. Payment example: Home price $264,900, down payment 3.5%, loan amount $255,629, term 30 year, FICO 740, fixed rate 5.75% (APR 6.189%), monthly payment $1,491.78. Monthly payment does not include taxes or insurance. Post Introductory Period Example: Interest Rate = SOFR + Margin. Payment can adjust every 6 months. Sample Repayments at month 120 with balance of $200,831.13: 3% Margin, 4.41% SOFR (03/31/25), 7.375% variable rate, $1,602.57 monthly payment. At max interest rate of 11.25% payment is $2,107.23.

This lock can be transferred to another property address within the same county. While Build & Lock™ can help buyers significantly, it is not a guarantee to lend. If a buyer is interested in purchasing the listed home at the advertised rate, they must still qualify for the loan. The benefit is that they won’t have to qualify for the loan based on the market rates. Instead, they will qualify on the Build & Lock™ rate. They will have several loan options to choose from through Build & Lock™: Conventional, FHA, VA, and select adjustable-rate mortgages (ARMs). The same type of credit and discount can be applied to other loan programs, but rate adjustments may occur. Closing must take place within the 60-day or 90-day rate lock period. If you are concerned your closing could extend beyond the lock period, contact your loan officer to discuss extension possibilities.