Your Guide to New Home Incentives and Inventory Homes
Welcome to your go-to guide for builder incentives in Katy, TX for 2024! Finding the right home can be an exciting journey, especially when builders offer incentives that sweeten the deal. Whether you’re looking for design center credits, closing cost assistance, or reduced pricing on inventory homes, we’ve got you covered.
Looking for even more ways to strategically approach home buying? Check out our tips on Strategic Homebuying and key Questions to Ask When Buying New Construction to make sure you’re getting the most for your investment.
What Are Inventory Homes?
Inventory homes, often referred to as “quick move-in homes,” are houses that are either fully built or near completion. These homes are perfect if you’re looking for a faster move-in timeline without waiting for a full build. The great news? Many builders offer incentives specifically on these inventory homes, making them a fantastic option for buyers who want to save both time and money.
Quick Tip: Don’t hesitate to ask about incentives on inventory homes. You might be able to score additional upgrades or price reductions for a quick move!
Builder Incentives Overview
Builders frequently offer incentives to entice buyers, making it easier for you to land a great deal. Some common incentives include:
- Design center credits: Personalize your home with custom finishes and upgrades.
- Closing cost assistance: Save on the upfront expenses of buying a home.
- Special financing: Take advantage of lower interest rates or reduced fees.
Current Builders in Katy, TX
For specific details on each builder’s current offers, check out the sections below. There may also be additional specials based on the community, so contact us for personalized details.
Here are some of the active builders in Katy who are offering special incentives this year. Whether you’re eyeing a particular builder or just curious about what’s available, use the links below to quickly navigate to the incentives you’re interested in.
2024 Builder Incentives by Builder
Taylor Morrison
- Incentives: Taylor Morrison is offering a Temporary Rate Buydown of 1.99% year 1 | 2.99% year 2 | 3.99% year 3 | 4.99% / 5.07% APR* years 4-30 Lock in a Conventional 30-Year Fixed Rate for a limited time.
- Rayburn Reserve in Tomball TX is offering at $99 Contract Deposit plus up to $15,000 in Closing Costs.
- Note: Ask about potential specials based on specific communities.
Lennar Homes
- Incentives: Down payment assistance with special financing. Speed up the process to homeownership with the Lennar Mortgage Advantage Program. The program offers 1) No up front down payment, 2) a 30- year FHA fixed rate first loan, now available with special financing rates and 3) a 3.5% DPA offered in the form of an amortizing 10-year second loan. Qualification criteria apply.
Amazing Promotional Loan Program with a Temporary FHA FIXED Rate Plus Appliance Package! Discover some of our best deals of the year on select move-in ready homes! Temporary FHA Fixed Rate program features our rate of 3.75% (4.770% APR). Interest rate offer available when you sign a purchase agreement on a select move-in ready home in the greater Houston area between 10/14/24 and 10/20/24 and close by 11/29/24. Interest rate offer requires financing through Lennar Mortgage, LLC.
- Note: Inquire for more community-specific promotions.
Chesmar Homes
- Incentives: Save the rate! 2.75% Year 1 * (FHA- 6.55% APR%, Conv. 5.988% APR%)
- Note: Check for additional offers in other neighborhoods.
D R Horton
- Incentives: [Add details here about available incentives, like free upgrades or discounted fees.]
- Note: Check for additional offers in other neighborhoods.
Perry Homes
- Incentives: Save up to $25,000 — Your Way! Choose from a sales price discount, a low interest rate, or save on closing costs!
- Note: Check for additional offers in other neighborhoods.
Highland Homes
- Incentives: Rate Buydown, year one of a 30-year mortgage 3.75% interest rate (4.858% APR) For the remainder of your mortgage 4.75% interest rate (4.8585% APR). Offer available when you finance with Highland HomeLoans for the purchase of qualifying homes. Must contract between September 30, 2024 and October 21, 2024. Must close by November 26, 2024.
- Note: Check for additional offers in other neighborhoods.
Explore New Construction Communities
Curious about which neighborhoods are actively building in Katy? We’ve got you covered. Check out our guide to New Construction Communities in Katy, TX for a comprehensive look at where you can find the perfect home. From master-planned communities to boutique developments, Katy has options for everyone.
Master-Planned Communities
Some of the best living options come in master-planned communities, where builders collaborate to create a cohesive neighborhood with top-notch amenities. Learn more in our Master-Planned Communities in Katy, TX post.
Additional Resources for Homebuyers
Homebuying can feel overwhelming, but it doesn’t have to be! Make your experience as smooth as possible with these helpful resources:
- Strategic Homebuying Tips – Learn how to make the most of builder incentives and timing your purchase.
- Questions to Ask When Buying New Construction – Be prepared with all the right questions to ensure your new home meets your expectations.
Looking for More Builders?
The builders listed above are just a few of the many offering incentives in Katy, TX. If you’re interested in other builders or specific communities that weren’t included in this post, don’t hesitate to reach out! I can provide you with personalized options tailored to your needs, whether you’re looking for more builders, different neighborhoods, or other incentive programs.