Buying New Construction? Here’s Why Now Might Be the Best Time

If you’ve been watching the housing market, you know interest rates have been hovering around 6.5%-6.75% lately. For many buyers, that’s meant higher monthly payments and reduced affordability.

But here’s the secret: builders are stepping up with some wild incentives—and it could save you hundreds every month. I’ve personally been meeting with several local builders over the past few months and have helped several buyers take advantage of these great offers.

Right now, some builders are offering interest rates as low as 4.75% to 5.25% when you use their preferred lender. That’s a full two points lower than the average market rate.

Let’s Break It Down (this is just an example and not real data):

1) $300,000 Home with 5% Down

• At 6.75% (market rate):

  Monthly principal & interest = $1,848

• At 4.75% (builder incentive):

  Monthly principal & interest = $1,487

• Monthly Savings = $362/month!! 😳

  
  

  That’s over $4,300 a year—just for using the builder’s lender.

What Could You Afford at the Lower Rate?

If you’re pre-approved for a $300,000 home at 6.75%, that same monthly payment could afford you a $373,000 home at 4.75%.

That’s a $73,000 upgrade without increasing your budget.

Why Builders Are Doing This

Builders want to move inventory. And with today’s rates keeping many buyers on the sidelines, they’re using rate buydowns and incentives to make deals more attractive. If you’ve been waiting for the right time, this could be your window.

It’s always important to read the fine print when it comes to builder and lender documents. Sometimes there are extra fees or costs baked in that can catch you off guard—even if you’re getting a credit or incentive. Things aren’t always exactly what they seem on paper. That said, I’ve had great success working with builders I’ve built relationships with, and I can help guide you through the details so there are no surprises.

Let’s Go House Hunting—Smart

These builder incentives won’t last forever. If you’re even thinking about buying a new construction home, let’s talk about the current offers and which communities are participating.

Shoot me a text, I’d be happy to sit down and put together a plan for you so that you can get buy a home in 2025! 📲 317-629-0070