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FIXED RATE

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FIXED RATE

How can your own home be closer than you think with a fixed rate?

1.99%

FIXED RATE FOR YOUR FIRST 6 MONTHS*

Ask us how you could qualify for up to $100k more purchasing power on your new home.*

*1.99% fixed for the first six months, subject to approval. A new five-year MCAP term is then required at then-available rates; payments may increase. see complete terms below. Purchasing-power for illustration only, approval and results vary.

UNDERSTAND YOUR PURCHASING POWER

How does mortgage qualification affect your options?

Canada’s mortgage stress test generally requires banks to assess you at the higher of 5.25% or your offered mortgage rate plus two percentage points. This test rate is separate from the interest you pay. A lower qualifying rate could expand your purchasing power.

USED TO ASSESS YOUR APPLICATION

5.25%
Initial qualifying rate*
Fixed or variable mortgage options after the six-month introductory term. Separate from the interest charged on your mortgage.

UNDERSTAND YOUR PURCHASING POWER

What could more purchasing power look like?

$500k
Mortgage capacity at an assumed 7.25% test

$600k
Mortgage capacity at an assumed 5.25% test

Approximately $100k more borrowing capacity.

Illustration only. Your purchasing power and approval depend on your circumstances. Speak with a mortgage representative for complete details. See terms & conditions below.

What types of new homes can you find?

Condos Cornerstone | N.E.
Myne Condos
±565–900 SQ.FT | 1-3 BED
from the $200’s

Book a Tour Explore Myne

Duplex * Single Family Huxley | N.E.
Huxley Garden
±1,300–2,300+ SQ.FT | 3-5 BED
from the $600’s

Book a Tour Explore Huxley

GET STARTED

Questions about what you could qualify for?

Speak with a mortgage representative for a personal assessment and complete details.

Incentive form

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PROGRAM TERMS AND DETAILS
Introductory rate and renewal: *1.99% fixed for the first six months. A new five-year MCAP term is then required at rates available at renewal; payments may rise. Non-renewal may incur a charge of 2% of the outstanding balance. Approval required.
Purchasing-power illustration: Purchasing-power example only. The approximately $1 00k increase compares $500k of mortgage capacity at an assumed 7.25% qualifying test with approximately $600k at 5.25%, over 25 years, using the same qualifying principal-and-interest allowance. Th comparison rate is not a typical bank-rate claim. Actual qualification depends on income, debts, credit, down payment, property costs, insurance and lender criteria. Figures are not a pre-approval, payment quote or cash incentive. Higher-priced homes may require more cash down and higher ongoing payments. Speak with a mortgage representative for a personal assessment and complete program details.
Prices and home options: From-price bands apply to selected homes and may change with availability. Confirm current prices, GST/rebate treatment, inclusions and program eligibility with Sales. Basement-suite options and costs vary by Huxley home and are not included unless confirmed Show home photography; features vary.

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Frequently Asked Questions

1 What is the Fixed Rate Offer from Truman Homes?

The Fixed Rate Offer from Truman Homes is a special incentive program designed for new home buyers. It is part of The New Home Incentive Program, which may include significant value in additional options for your home.

2 What benefits are included in The New Home Incentive Program?

The New Home Incentive Program offers substantial benefits, such as up to $100,000 in additional options for your new home. These options are intended to enhance the value and features of your home purchase.

3 How can I learn more about qualifying for this fixed rate offer?

While specific qualification details are not provided directly on this page, prospective buyers interested in the Fixed Rate Offer and New Home Incentive Program should contact Truman Homes directly. They can provide comprehensive information on eligibility and how to proceed with the offer.

4 Are there other special offers available from Truman Homes?

Yes, this page is part of the 'special offers' section of Truman Homes. The meta description indicates that Truman Homes provides various special offers and incentive programs for new home buyers beyond just the fixed rate offer.