
Limited Time Offer Ends June 30th!
4.990% (5.381% APR) Fixed Rate*
Now you can save thousands when building your dream home. Qualified buyers can lock in a 4.990% (5.381% APR) fixed rate for 30-years*. By building a custom home, you can have the exact home you've always dreamed of when you finance with Schumacher Mortgage!
Payments as low as $2,949.16 on a $550,000 loan, with a 4.990% / 5.381% APR.
Program Options
Locked-in Rate Buy-Down
Lock in your rate and save thousands when you finance with Schumacher Mortgage.
Upgrades and Options
Apply your incentive to upgrades and options.
Available to VA & FHA Borrowers
VA allows 100% loan-to-value and FHA allows 96.5% loan-to-value with certain credit scores.
Our 4.990% (5.381% APR) Program is available through our One-Time Close Conventional Loan Program, featuring a 30-year fixed rate. We also offer VA loans with zero down and FHA loans with as little as 3.5% down. If you're building on a lot you already own, your land equity could help meet the down payment requirement. You can finance both the land and construction in a single Land & Home Package, available for primary residences only. Certain restrictions apply. A pre-construction meeting must take place within 30 days of the initial contract, and loan closing must occur within 60 days.

No-Cost Refinancing**
This special offer is designed so that Schumacher Homes clients can take advantage if interest rates are lower after closing, with a no-cost refinance! Schumacher Mortgage will cover all costs including any 3rd party fees.** This offer is good for up to 5 years from the conversion of the construction loan to permanent financing, and the client can apply for the refinance 180 days after the Certificate of Occupancy is received.

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% and requires monthly interest-only payments during this period. The initial payment is $1,831.04, based on an assumed initial disbursement of $275,000 (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 $550,000 loan amount, would be approximately $3,662.08.
Permanent Phase (30 Years / 360 Months): Upon completion of construction, the loan converts to permanent conventional financing with a fixed interest rate of 4.990% and requires 360 monthly principal and interest payments of $2,949.16. Disclaimer: The stated monthly payment of $2,949.16 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 5.381% 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 $550,000 loan amount, 40% down payment, a minimum FICO score of 680 on a primary residence, and a 60-day rate lock. The disclosed APR of 5.381% is based on the interest rates for both phases and includes $13,630 in Estimated Closing Costs Financed (Paid from your Loan Amount). These financed costs include: $9,625.00 in Discount Points (1.75% of loan amount), $1,795 Construction Administration Fee, $1,995 Processing Fee and $215 Credit Report Fee. Applicants that are financing land for more than $100,000 require special approval and promotion may vary.
You Only Move Once Bridge Loan Program: This short-term Bridge loan is intended for use during a construction phase until permanent financing is secured. Minimum FICO score of 680 required on a Purchase of a Primary Residence. 12-month loan term. Requires 11 monthly interest-only payments of $ 3,662.08 followed by a final balloon payment of $553,662.08 in month 12. Based on $550,000 loan amount with $11,490 in Estimated Closing Costs (including 1.75% or $9,625.00 in Discount Points), 7.990% interest rate / 10.196% APR, and 20% required down payment of $137,500 (80% LTV/CLTV - NOTE: Equity from a cross-collateralized property may be used in lieu of the down payment). The builder (Schumacher Homes) is responsible for covering the interest-only payments until completion of construction as evidenced by the issuance of the Certificate of Occupancy by the County, or other manner defined by builder. Thereafter, the borrower will assume responsibility for any remaining payments on the bridge loan until permanent financing is obtained. Customers with a land loan balance or a home equity line of credit will be required to set up an interest expense.
ADDITIONAL REQUIREMENTS (ALL LOAN PROGRAMS): 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 8/1/2025, 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. 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.
** Important Details: Your Schumacher Mortgage, LLC No Cost Refinance: NO-COST REFINANCING means Schumacher Mortgage LLC will cover all standard closing costs which include Application Fees/Processing Fees, Appraisal Processing Fees, Mers Fees, Credit Report Fee, Flood Cert, Title Fees, & Government Recording Fees. The appraisal fee will be collected from the borrower(s) at time of appraisal ordering but borrower(s) will be reimbursed via a lender credit on the final Closing Disclosure at loan closing for this amount. Schumacher Mortgage, LLC, does not cover any Discount Points, property taxes, insurance costs, HOA costs, prepaid interest on their loan, impound accounts, or any other fees incurred other that what is outlined above.

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