5.99% Financing Available on Select Progressive Builders Homes

A home’s price is only one part of what determines whether it fits your budget. Your mortgage rate matters too, and with current 30-year fixed rates around 7%, financing can significantly affect your monthly payment.

Progressive Builders is partnering with the Molly Nadeau Team at Neighborhood Loans to offer qualified buyers an exclusive 5.99% fixed interest rate on select homes.

For buyers who have been watching rates and waiting for the right opportunity, this could make select new construction homes more affordable.

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How Much Difference Can a Lower Mortgage Rate Make?

A mortgage rate affects more than the amount of interest you’ll pay over time. It also affects your monthly principal and interest payment, so even a small rate difference can matter when you’re deciding how much home fits your budget.

Current market conditions make that difference particularly relevant. With average 30-year fixed mortgage rates around 7%, securing a 5.99% fixed rate on a qualifying home can change the numbers buyers are considering.

The exact impact will depend on the purchase price, down payment, loan amount, loan program, and other factors. That’s why it’s important to look at your individual financing options rather than comparing rates alone.

How Progressive Builders’ 5.99% Financing Opportunity Works

Progressive Builders is working with the Molly Nadeau Team at Neighborhood Loans to offer special financing on select homes.

Depending on the property, loan program, and buyer qualifications, available financing opportunities may include a 5.99% fixed interest rate. The program is intended to help make select Progressive Builders homes more affordable for qualified buyers.

Not every home or buyer will qualify, so the first step is to find out which homes are eligible and discuss your individual financing situation with the lender.

Watch How the Program Works
A flier promoting Progressive Builders’ partnership with the Molly Nadeau Team to offer 5.99% financing.

Why Financing Matters When Comparing New Homes

It’s easy to begin a home search by looking primarily at purchase prices. But the listed price is only one part of determining whether a home fits your budget.

Your mortgage rate, down payment, loan type, taxes, insurance, and other expenses all contribute to the actual monthly cost of homeownership. A financing incentive can therefore be worth considering alongside the home’s price and features.

This is especially useful when comparing new construction with other homes on the market. Instead of assuming one property is more or less affordable based solely on its listing price, compare the complete financing picture.

Start With the Home & the Financing

Progressive Builders offers new construction and move-in-ready homes in communities throughout Central Minnesota. For select homes, our partnership with the Molly Nadeau Team at Neighborhood Loans offers another option for buyers looking for ways to make a new home work within their budget.

If you’re interested in the 5.99% fixed-rate opportunity, start by reviewing our available homes and asking which properties currently qualify. From there, the Molly Nadeau Team can help you understand the financing program, qualification requirements, and what the numbers could look like for your situation.

The right home and the right financing need to work together. This program may give qualified buyers another opportunity to make both pieces fit.

Check out our on-sale home listings or contact us today to get started!

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What Happens Between Making an Offer & Getting the Keys to Your New Ho...A woman handing keys to a new home to a home buyer.