To provide extra assistance during the COVID-19 crisis, homebuilder Century Communities said that it will pay all monthly interest, tax and homeowner’s insurance for new homebuyers until November. The offer applies to both of the company’s homebuilding brands, Century Communities and Century Complete, in select communities and on select homesites.
“While homeownership remains in reach for so many, we understand that life looks a little different at the moment,” said Greg Huff, president of Century Complete. “That’s why we want to offer homebuyers additional peace of mind, allowing them to get settled into their new homes, save some cash and enjoy a few months before having to think about payments.”
To qualify, buyers must be in contract by May 31 and close by June 26, have a FICO score of 640 or higher and finance with a non-high-balance FHA loan through affiliate lender Inspire Home Loans. At closing, buyers must bring funds to cover three months of principal payments and mortgage insurance.
