Coventry Homes Extends Incentive Through August

HOUSTON, TX -- Coventry Homes is offering Houston homebuyers another opportunity to lower costs associated with buying a new home by extending a popular incentive through the end of August.

During the Buyer’s Choice Sales Event, Aug. 1-31, Houston-area buyers who use the builder’s preferred lender and title company can choose from three financing options — an interest rate buy-down, extended interest rate lock or paying no closing costs — when they purchase a new Coventry home.

“People are still looking for ways to get the home they want while saving on costs,” said Paul Blackburn, Division President for Coventry Homes. “One of the best ways to do that is by helping them lower their interest rates or relieving them of paying their closing costs. That’s why we decided to extend this incentive for another month.”

The incentive allows homebuyers to lower their costs over time by choosing a rate buy-down or an extended rate lock. They can save money up front by choosing to let Coventry Homes pay their closing costs.

Interest rate buy-downs can help home buyers pay less interest over the life of their loan and save on monthly payments. An extended interest rate lock allows buyers to cap their interest rate for an extended period of time.

Closing costs are due when the final paperwork is signed. In Texas, they average 2 to 3 percent of the cost of a home. For a $300,000 home, closing costs can run from $6,000 to $9,000. Paying no closing helps buyers keep more money in their bank account for other items they might need to purchase after move-in.

Coventry Homes builds in 25 Houston-area communities, including Grand Central Park in Conroe, Coastal Point in League City, Sienna in Missouri City and Cane Island in Katy. Homes are priced from the $280,000s to more than $1 million.

To learn more about Coventry Homes, visit www.coventryhomes.com.