3.990% (4.408% APR) Fixed Rate*

Disclaimers:

Conventional Single Close, Construction-to-Permanent Loan Program: This program offers a single loan closing for financing both the construction and permanent phases of your new home. Loan Terms & Repayment: The loan features a 12-month construction phase followed by a 30-year (360-month) conventional permanent financing phase. Construction Phase (12 Months): Features a fixed interest rate of 7.990% (9.399% APR) and requires monthly interest-only payments during this period. The initial payment is $1,747.81, based on an assumed initial disbursement of $262,500 (one-half of the total loan amount). Important: The amount of the monthly interest-only payment will increase as additional construction funds are disbursed, up to the full loan amount. The maximum monthly interest-only payment, based on the full $525,000 loan amount, would be approximately $3,496. Permanent Phase (30 Years / 360 Months): Upon completion of construction, the loan converts to permanent conventional financing with a fixed interest rate of 3.990% (4.176% APR) and requires 360 monthly principal and interest payments of $2,503.40. Disclaimer: The stated monthly payment of $2,503.40 does not include amounts for property taxes or homeowner's insurance. Your actual total monthly housing payment will be higher. Annual Percentage Rate (APR): The Annual Percentage Rate (APR) is 4.408% for this loan, which reflects the total cost of credit over both the construction and permanent phases including interest and financed charges. Down Payment: A minimum 40% down payment is required for this Conventional loan program. Assumptions & Fees: The rates and payments quoted are based on the following assumptions: a Conventional purchase loan with a $525,000 loan amount, land owned free and clear with no mortgage, a 60% loan to value, a minimum FICO score of 740 on a primary residence, and a 60-day rate lock. The disclosed APR of 4.408% is based on the interest rates for both phases and includes $13,418 in Estimated Closing Costs Financed (Paid from your Loan Amount). These financed costs include: $9,188 in Discount Points (1.75% of loan amount), $1,795 Construction Administration Fee, $1,745 Processing Fee, $475 Underwriting Fee and $215 Credit Report Fee. Important Information: Cannot be combined with other offers. All terms are subject to credit approval and program guidelines. Rates and terms are subject to change without notice.

ADDITIONAL REQUIREMENTS (ALL LOAN PROGRAMS):  Applicants who are financing land for more than $100,000 require special approval and promotions may vary. Monthly payments shown do not include property taxes, hazard insurance, mortgage insurance, etc. and are subject to change without notice. Borrowers must complete the pre-construction meeting within 30 days of the initial sales contract and the loan must close within 60 days of the initial contract.

This is not a commitment to lend or offer to extend credit. All loan programs are subject to borrower qualification, credit approval, underwriting guidelines, and available property types. Certain loan programs and/or promotions may not be available in all states. Rates shown are effective as of 10/28/2025, however rates, terms, fees, credits, programs, and conditions are subject to change without notice. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.  

Schumacher Mortgage LLC and Schumacher Homes LLC are affiliates under common ownership. Schumacher Mortgage LLC (NMLS ID 2101256). Corporate Address:  2715 Wise Avenue NW, Suite 100, Canton, OH 44708. Corporate Phone (877) 707-0572. Corporate Website: www.schumachermortgage.com. For licensing information visit: www.nmlsconsumeraccess.com.  EQUAL HOUSING OPPORTUNITY.