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Mungo Homes Recognized with 2023 Mom's Choice AwardMay 22, 2023

May 22, 2023

Mungo Homes is proud to announce that they were recognized as the Best Builder/Developer in Lowcountry Parent Magazine’s 2023 Mom’s Choice Awards for the third year in a row. Categories range from Food & Dining to Local Shopping, Education and of course Real Estate. Winners will be announced in the May edition of Lowcountry Parent Magazine.

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THIS OFFER MAY NOT BE COMBINED WITH OTHER INCENTIVES.

Silverton Mortgage is authorized to originate FHA loans, but it is not an agent of, or affiliated with, the U.S. Government.

ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.
Promotion available for purchase contracts signed on or after 03/01/2024 for loans that close on or before 04/30/2024. Buydown offer may not be available with all loan programs.

Example of FHA 96.5% LTV (3.5% Down Payment) 2-1 Buydown Loan Program with $400,000 sales price. $392,755 loan amount, $14,000 cash down payment 30-year fixed-rate loan with 0 points. $2,679.28 monthly payments. First-year monthly payment $2,168.81 rate 5.25%, 8.060% APR. Second Year monthly payment $2,418.26 with an interest rate of 6.25% and 8.060% APR. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Example includes $1,495 origination fee. 8.060% APR and 7.25% interest rate for years 3-30 of the loan as of 3/1/2024 and a credit score of 720. Rates, fees, other charges and terms are subject to change. Available loan programs and terms will vary by state. Product requires a seller contribution of $9,257.88 to pay for the cost of the 2/1 Buydown.

Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org). Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and is subject to change without notice. 3/2024

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