Toll Brothers, a builder based in Pennsylvania, wants to jolt buyers into action. To that end, it is offering a 3.99% fixed mortgage rate for 30 years. The deal is for loans of $417,000 or less and carries no points for the buyer. The lending source that the builder is using has not been revealed in any news story that I've seen. The builder has indicated that a buyer needs a credit score of 720 or higher and at lease 20% down (with no PMI) in order to qualify for the special rate.
Toll Brothers builds in quite a few states, although to date, Ohio has not been one of them. Does anyone know of comparable builders in Ohio offering these kinds of deals?
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