Ballad

Financing example based on a 5/1 FHA ARM mortgage with caps of [1/1/5], an index based on the 30-Day Average of the SOFR index as published by the Federal Reserve Bank of New York, a margin of 3%, an interest rate of 4.75% which comes at a cost of 3.125% of the loan amount, a 3.5% down payment and an APR of 5.544%. Based on a sales price of $349,990, a loan amount of $338,725 and principal and interest payment of $1,767. Real estate taxes are estimated at $213 per month, mortgage insurance is estimated at $155 a month and hazard insurance is estimated at $50 per month, for a total monthly payment of $2,185. Interest rate is based on a 60 day rate lock. Rates and APR on loan programs may vary based on credit criteria, final amount of down payment and are subject to current market pricing. Certain restrictions may apply. Prices, offers and financing are subject to change without notice. Financing is available through NVR Mortgage Finance, Inc. NMLS#1127.