New Construction
New Construction Incentives
Builders offer a variety of incentives to attract buyers. Closing cost assistance, interest rate buydowns, free upgrades, and design credits are common. We help you compare what each builder is offering and find the best value.
Common Types of Builder Incentives
Closing Cost Assistance
The builder contributes a set amount typically 3 to 5 percent of the purchase price toward your closing costs. This reduces the cash you need at closing.
Interest Rate Buydowns
Temporary or permanent buydowns that lower your mortgage interest rate for the first year or more. This can significantly reduce your monthly payment.
Free Upgrades
Design credits or free upgrades to flooring, countertops, cabinets, appliances, or fixtures. This can be worth thousands depending on the builder and home price.
Quick Move-In Bonuses
Builders often offer additional incentives on quick move-in homes to close them before quarter end or fiscal year end. These can be the best deals available.
Important: We Help You Compare
Not all incentives are created equal. A larger closing cost credit from one builder may not be as valuable as a rate buydown or better upgrades from another. We help you evaluate the true value of each incentive package.
Want to Compare Incentives?
We stay current on what every builder is offering. Let us help you find the best deal.