CONTRIBUTED CONTENT — If you’ve been waiting to make the leap into homeownership, now’s the time. Visionary Homes, a leading homebuilder in Southern Utah, is helping buyers find a place to call their own with sizzling summer savings on move-in-ready properties.
Introducing the 2/1 mortgage rate buydown event, a special offer for buyers of quick move-in townhomes in Azalea and condominiums in Desert Color, two exciting communities where Visionary Homes is building. You could save hundreds of dollars on your monthly mortgage payment while enjoying the many benefits of homeownership in a newly built property.
“Affordability is a big concern, especially with first-time buyers,” marketing director Ryan Ashby said. “A buydown program like this really helps because you can get payments under $2,000 a month while you’re building equity instead of renting.”
Reasons to buy with Visionary Homes
It can be less expensive to buy. Alongside rising inflation and property values, rent has increased dramatically across America over the last decade. Homeownership can offer financial stability for you and your family. After buying a home, you’ll no longer have to worry about rent increases and moving expenses.
Rental costs might rise even if mortgage rates don’t. Depending upon your lease agreement, your rent payments might increase year after year. That’s not a concern with a fixed-rate mortgage, where your monthly payments will only go up if property taxes or property insurance costs rise, which also means your home is increasing in value.
Homeownership may lower your taxes. The IRS doesn’t offer any tax breaks for renting. If you buy a house, however, you can deduct homeownership-related expenses like mortgage interest payments, property taxes, mortgage points and energy-efficient home improvements. And if you decide to rent the property later, you may become eligible for other deductions.
Owning a home means investing in your future. Renters get little more than a place to live in return for their monthly payments. Every time a homeowner makes a mortgage payment, however, they add to their home’s value. Along with building equity, most homes increase in price over time, giving buyers an opportunity to net a profit whenever they’re ready to sell.
With the 2/1 buydown program, the mortgage interest rate that buyers lock in today will be reduced by 2% for their first year of homeownership. The discount is then reduced to 1% for the second year, and the loan will return to its original fixed rate at the beginning of the third year. However, buyers are welcome to refinance anytime, especially if mortgage rates decrease as projected.
“Interest rates aren’t forever. The payment isn’t set in stone for the rest of your life,” Ashby said. “We recommend buying now, even though rates are a bit higher, so you can get into an area where you want to be and into a home that you’ve fallen in love with while there’s still availability.”
Visionary Homes has partnered with First Colony Mortgage as their preferred lender to simplify the borrowing process. The buydown program does have upfront costs, but Visionary Homes and First Colony Mortgage will cover those costs to pass even more savings on to qualified buyers.
Homeowners can save thousands of dollars over the first two years of their loan by taking advantage of this exclusive offer, Ashby said. Interest rates are constantly in flux but could start as low as 5.50%.
The 2/1 buydown program is only available to buyers who obtain a loan through First Colony Mortgage and go under contract on specific quick move-in Azalea townhomes or Desert Color condos before the end of June.
With gorgeous views and a plethora of recreational opportunities in and around the development, Azalea offers stylish and comfortable living at attainable prices. Located in the vibrant city of Ivins, the community has been designed with timeless elevations and beautifully landscaped common spaces to complement the stunning red rock surroundings.
Each unit features 9-foot ceilings on the main floor, white soft-close cabinets, stainless steel appliances and smart home technology. From the community pool and hot tub to attractions like playgrounds, parks and golf courses that are just minutes away, Azalea is where relaxation meets Southern Utah’s active lifestyle.
Bringing resort-style living right to your doorstep, the extraordinary master-planned development of Desert Color is renowned for its amenities. With miles of trails, family-friendly parks, pickleball courts and water activities, the community caters to residents of all ages and interests. And the best part? Everything’s just a short walk or golf cart ride away.
Desert Color condos feature upgraded LVP flooring, 9-foot ceilings, quartz countertops, low-emissivity white windows, stainless steel appliances and lighting fixtures selected by the expert design team at Visionary Homes. All units are equipped with the latest smart home technology, including a Wi-Fi-enabled doorbell, thermostat, deadbolt and garage door opener.
The opportunity to buy a brand-new home is one of the most exciting milestones in life, and Visionary Homes knows exactly what today’s homeowners want. They’re a Utah-owned and operated company developing neighborhoods that are all about lifestyle. From the layout of streets and placement of lots to the floor plans and materials used, everything reflects the thoughtful design process that has made them a trusted homebuilder for thousands of buyers.
“Starting with a condo or townhome is becoming the new normal for first-time buyers. It’s all about getting yourself in a place where you’ll have the opportunity to upgrade to something bigger in the future,” Ashby said. “Take the plunge.”
Visit VisionaryHomes.com or call 435-222-2441 to learn more about the 2/1 rate buydown event and view available properties.
Written by ALEXA MORGAN for St. George News.
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- Visionary Homes | Address: 1506 S. Silicon Way, Suite 2D, St. George | Telephone: 435-222-2441 | Website.
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