YOMO Promotion | Schumacher Homes

YOMO

Welcome to a groundbreaking, money-saving loan program.

The You Only Move Once Loan

Schumacher Homes and Schumacher Mortgage have teamed up to offer a loan like no other. With YOMO Loan, you only move once, into your custom-built dream home.

No Kidding:

It might sound too good. But it's true.

No Down Payment

Qualify for this program using only the equity of your current home—you don’t have to sell your current home first.

No Payments During Construction

You won’t make mortgage or interest payments on your dream home while it’s being built. Because we pay them for you. (Let’s be honest, one mortgage is enough.)

No Closing Fees

Schumacher pays all the up-front, out-of-pocket fees for you. (Like a dream loan for your dream home.)

No Moving Twice

Because you won’t have to sell your current home upfront to fund your new build, you can also stay there during construction —avoiding stressful temporary housing solutions (even though we know you would love to live with your in-laws).

The Money You'll Save is No Joke

Unlike traditional bank loans, with the YOMO Loan, you get complete transparency on how much everything will cost and save tens of thousands of dollars. Banks Tell You No, We Say Let's Go!

Disclaimers:

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. 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. EQUAL HOUSING OPPORTUNITY.

ADDITIONAL REQUIREMENTS (ALL LOAN PROGRAMS): Customers with a land loan balance or a home equity line of credit will be required to set up an interest expense. 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 4/29/2025, 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.