Start your year off right - Limited-time promotions available now.
On select homes, your first mortgage payment isn’t due until March 2025! Use the money you save to invest in the fresh start you deserve this year.
At Lokal, we know every community is unique, and so are the promotions we offer. Depending on the location and construction status, you’ll receive one of two amazing offers - Flex Cash or a discounted 30-year fixed rate. Both are designed to make your home-buying experience even more rewarding:
YOUR GUIDE TO FLEX CASH
What is Flex Cash?
Flex Cash is a financial incentive provided by Lokal Homes to make your home-buying experience more affordable. It’s a versatile benefit that helps reduce upfront costs, allowing you to focus on enjoying your new home.
Here’s how Flex Cash can work for you:
1) Closing Costs
- How it works: Flex Cash can be applied to cover fees required to finalize your home purchase, such as loan origination, appraisal, and title insurance.
- Why it’s valuable: It lowers your initial expenses, leaving you with more savings for moving, furnishing, or personalizing your new home.
- Who benefits most: Buyers looking to ease the financial burden of upfront costs during the home-buying process.
2) Prepay HOA
- How it works: Flex Cash may be used to prepay a portion or all of your homeowner’s association dues for a specific period, such as six months or a year.
- Why it’s valuable: It provides financial breathing room by covering some of your living costs upfront, giving you time to settle into your new home.
- Who benefits most: Homebuyers transitioning from renting or managing multiple expenses who want an easier financial adjustment.
3) Rate Buydown
- How it works: Flex Cash can be applied to temporarily lower your mortgage interest rate, reducing monthly payments for the first one to three years.
- Why it’s valuable: It provides immediate savings, making homeownership more affordable while you adjust to your new financial obligations.
- Who benefits most: Buyers who want manageable monthly payments or expect their income to increase over time.
4) Lease Breaks
- How it works: Flex Cash can help cover penalties or fees associated with breaking your current rental lease early to move into your new home.
- Why it’s valuable: It eliminates the worry of paying both rent and a mortgage, ensuring a smoother transition.
- Who benefits most: Renters ready to move into their dream home before their lease ends.
Flex Cash gives you the flexibility to make homeownership more accessible and tailored to your needs. It’s just another way Lokal Homes helps you take the next step with confidence!
YOUR GUIDE TO OUR DISCOUNTED MORTGAGE RATES
What is a 30-Year Fixed Rate?
Our discounted 30-year fixed rate provides predictability and stability throughout the life of your loan.
- How It Works: With a fixed-rate mortgage, your interest rate remains the same for the entire loan term. This means your monthly principal and interest payment won’t change, regardless of market fluctuations.
- Why It’s Valuable: A fixed rate allows you to plan your finances confidently. You’ll never have to worry about rising interest rates increasing your monthly payment, which is especially valuable during times of market uncertainty.
- Who Benefits Most: A fixed-rate mortgage is perfect for buyers seeking long-term financial stability and a consistent payment plan they can rely on.
Let's take a look at an example of the potential savings you could enjoy on a $600,000 home with our exclusive discounted fixed rate:
Why Choose Lokal?
At Lokal, we’re committed to making homeownership accessible and stress-free. Our community-specific promotions are just one way we go above and beyond to support you throughout your journey. Whether you’re benefiting from Flex Cash or a fixed 30-year rate, our goal is to make your dream home a reality.
Ready to learn more about how our Flex Cash or discounted fixed rate can benefit you? Contact us today to speak with one of our knowledgeable representatives. We're here to help make your dream home a reality!
Denver: (720) 656-4512
CO Springs: (719) 247-1520
Email: sales@lokalhomes.com
PRE-QUALIFY: https://blendlabs.applycolten.com/#/journey?referrerId=mmauzy%40coltenmortgage.com&loanType=MORTGAGE
*The stated rate may not be available at the time of application, lock-in or commitment. This rate is valid for new contracts written on select move-in ready homes closing before February 28th, 2024 only. This promotion cannot be applied in addition to any other promotions from Lokal. See sales agent for details. The interest rates advertised are based on an FHA loan with a 3.5% down payment for a borrower with a credit score of 680 or higher and a conventional loan with a 10% down payment for a borrower with a credit score of 740 or higher. Borrowers that do not meet these credit score and down payment thresholds will not qualify for this promotion. The promotion requires buyers to use Lokal's preferred lender, Colten Mortgage, a Division of AWM, NMLS 14210 - 8345 West Sunset Road Suite 380 Las Vegas, Nevada 89113. Not all borrowers will qualify as certain restrictions apply on all programs, including but not limited to the credit qualifications. The information contained in this material is not a guarantee to extend credit or lend. Terms and conditions are subject to change without notice - Equal Housing Lender.