Homes have dropped!

* The Opendoor Incentive Rate is the lowest advertised 5/6 ARM rate for homes with special incentives. Its described rate and APR are home specific and assume a 5/6 adjustable-rate mortgage with a rate fixed for the first 5 years of the term, then it can change. These estimates also assume a 20% down payment and a credit score of 780. The rate-lock period is 30 days. The payment shown is the initial payment. Actual rates will vary by home and borrower.

These estimates are not personalized loan offers or offers to enter into an interest rate or discount point agreement. Any such agreement must be in writing and signed by both the borrower and the lender.

The incentive offer is subject to credit approval and may not be combined with other existing promotions. It requires financing through the seller’s affiliate, Opendoor Home Loans, but using Opendoor Home Loans is not required to purchase a home. Buyer qualification may include, but is not limited to, a minimum down payment of 20%, a minimum credit score of 780, first-time home buyer and owner occupancy requirements.

Final qualification and terms depend on a completed application, underwriting, property details, market conditions, and any changes in investor guidelines or programs.

Limited funds are available. Rates may change or be unavailable at loan commitment, lock-in, or closing if funds are exhausted. Products are not available in all markets.

The advertised APR reflects discount points paid by Opendoor Home Loans and/or Opendoor. The actual APR may be higher and can vary depending on lender fees charged.

Market rates are affected by market trends and other factors. Actual conditions can differ materially from forward-looking statements. No statement guarantees present or future market conditions or market values.

Estimated monthly payments show principal and interest only and are rounded to the nearest dollar. They exclude property taxes, homeowners insurance, mortgage insurance, HOA dues, flood insurance, utilities, and maintenance. Your total monthly housing costs will be higher. Monthly estimates and home prices exclude closing costs and other fees paid by the buyer. Home prices are subject to change without notice.

APOR is the Average Prime Offer Rate for a 5/6 adjustable-rate mortgage. It is a market benchmark, not a loan offer.

All mortgage services are provided by Opendoor Home Loans LLC, an Equal Housing Lender. Verify our license.