My New Home Portfolio

NEWS AND SPECIAL EVENTS

McBride Homes Offers 3.875% Financing

(Nov 1, 2018)

McBride Homes, for a limited time, is offering 3.875% financing for qualified buyers during the month of November.

“This is the deal of a century,” said John F. Eilermann Jr., CEO and Chairman of McBride Homes. “There will never be a better opportunity to get more home for a lower payment than right now.” 

As both interest rates and the cost of homes are expected to rise over the next few years, 

McBride Homes bought down the interest rate on a limited amount of new home loans in partnership with Groundwork Mortgage and Busey Bank. The financing package is a 3.875% 5/1 ARM. 

The 3.875% interest rate for McBride homebuyers is available up to a $453,100 maximum principal loan amount with 90% loan to value. Buyers are able to lock 150 days ahead of their closing date, making it valuable to those wanting to build new construction. 

“This is probably your last chance to get a rate in the threes,” said Eilermann. “Right now the average 30 day fixed rate is now around 5% or higher. This new lower APR rate doesn’t cost our buyers a dime, and the value to our customers will only increase over time as fixed interest rates slowly tick up.”

 

The new loan program is available only to new McBride homeowners and will be locally underwritten, locally funded, and locally serviced by Groundwork Mortgage and Busey Bank.

 

“For peace of mind, today’s ARM’s are very safe and allow you to get a better opportunity to purchase more home for a lower payment,” stated Eilermann. “Buyers used to be scared of the term ‘ARM’ in the past but now it just makes sense with a lower rate certainty for the next 5 years.”

McBride Homes’ 3.875% 5/1 ARM financing promotion is available on both inventory and to-be-built homes, with a 150 day lock for those building a new home from scratch.

“A 3.875% interest rate creates a huge increase in buying power,” said Eilermann. “This new low rate in the threes gives our buyers an opportunity to purchase a new home in a price point or location that may have been out of reach in recent past.” 

McBride has over 40 communities, ranging from villas to luxury homes and offers every homebuyer ample product lines and price points ranging from the mid $100’s to well over $1 million.

 “We already have the best homes in the best locations, now we are offering unprecedented rates,” stated Eilermann. “We strongly encourage buyers to visit us soon, because this promotion will absolutely end on November 30th or when rates go back up.” 

You’ll find an all-inclusive list of McBride’s communities and over 100 move-in-quick inventory homes online at www.mcbridehomes.com. For more information, call 636-537-2000. 


Back to News Articles

Featured Community

Featured New Home in St. Louis, MO

Ruppel Farms

Ballwin, MO

Now Open

FROM $320,000 - $500,000

PH: (636) 677-1111

CLICK FOR DETAILS

Stay Connected

Call Us

(636) 537-2000

Facebook Page for McBride Homes Twitter Page for McBride Homes Youtube Page for McBride Homes Email McBride Homes

COPYRIGHT © 2018 MCBRIDE & SON HOMES. ALL RIGHTS RESERVED.

Facebook Twitter YouTube

16091 Swingley Ridge Road, Suite 300 - Chesterfield, Missouri 63017 - 636.537.2000 | Privacy Policy

Equal Housing Opportunity

Prices, promotions, incentives, offers, features, options, amenities, floor plans, elevations, designs, materials and dimensions are subject to change without notice. Square footages and dimensions are estimates and may vary from actual construction. McBride & Son Homes, Inc. is not responsible for the construction of any community improvements, amenities and recreational facilities which may be described and such community improvements, amenities and recreational facilities may be subject to change or cancellation without further notice. A written contract by and between purchaser and McBride & Son Homes, Inc. shall govern the sale and purchase of the property exclusively. Purchaser shall not rely upon any information pertaining to the property presented on this website in their decision to enter into a contract for the property. The plans and renderings depicted are the sole and absolute property of McBride & Son Homes, Inc. Use or copying of these plans, without the express written consent of McBride & Son Homes, Inc. is illegal.