FT. MITCHELL, Ky., April 13, 2009 (GLOBE NEWSWIRE) -- It's difficult to put dreams on hold when your family is growing and your needs are changing. With Drees Homes, buyers don't have to succumb to economic fears. Instead, they can take advantage of real estate opportunities available in the current economy, save money and have peace of mind. Drees is proud to offer an incredibly low 3.99% 30-year fixed conventional mortgage interest rate (4.316% APR) from First Equity Mortgage for new homes with contracts written between April 6, 2009 and May 31, 2009.(1) If the company's reputation and the low interest rate aren't enough to encourage home buyers to make a move to a new Drees home, then they'll love this: should an unexpected job loss, lay-off, strike or lock-out occur within the first two years of ownership, Drees' Solid Protection Job Loss Insurance will cover up to $2,500 of a mortgage payment for up to six months.(2) Now's the time to seize the day -- and the interest rate -- before they change!
For over 80 years, Drees has been one of the most respected names in the building industry based on the company's reputation for operational stability, excellence in design and construction and customer satisfaction. Drees Homes, headquartered in Ft. Mitchell, KY is ranked as the twenty-seventh largest homebuilder in the country and the ninth largest privately-owned homebuilder by BUILDER Magazine. Headquartered in Fort Mitchell, KY, the company has operations in Cincinnati, Dayton and Cleveland, OH; Indianapolis, IN; Nashville, TN; Raleigh, NC; Jacksonville, FL; Frederick, MD; Washington, DC; Austin and Dallas/Fort Worth, TX.
The Drees Homes logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6076
(1) Offer effective for a limited time and available on firm, non-contingent purchase agreements on select market homes only. Offered through First Equity Mortgage, Equal Housing Lender. 3.99% 30-year fixed conventional financing (4.316% APR based upon a 90% LTV). Maximum loan amount $417,000 with a 10% down payment. Financing terms based upon select homes in Cincinnati and Dayton, OH and Northern Kentucky. Terms in other cities may vary. Contracts must be written between April 6, 2009 and May 31, 2009 and must close within 60 days of loan application. Subject to minimum credit score of 720 and underwriting approval. Prices, programs and rates are subject to change or withdrawal without notice. Other restrictions may apply. Please see a Drees Market Manager for details.
(2) Solid Protection Job Loss Insurance available to Drees home buyers with contracts dated April 6, 2009 and later. Must finance through First Equity Mortgage, Equal Housing Lender. Offer is subject to change or cancellation without notice. Program underwritten by Virginia Surety Company, Inc. under group insurance policy IUI-P0L (11-05). Exclusions and limitations apply. See the Certificate of Insurance and Schedule of Coverage for complete details.