What You Need to Know About Incentives

December 05, 2023

At Woodbridge Pacific Group, we believe that obtaining the new construction home of your dreams should be devoid of any obstacles. Through incentives made available in the new home purchasing process, you can secure your dream home. In this blog, we will walk through things you may need to know about incentives that can bring you closer to the homeownership experience you’ve always envisioned.

Exploring the incredible benefits of these incentives is like uncovering the key to your perfect home. They offer you the flexibility to enhance your living experience at various stages of the homebuying journey. Whether you're starting from scratch or prefer the convenience of a move-in ready design, these incentives are your ticket to achieving the home of your dreams. Let’s take a closer look at three specific incentives that can help pave the way to your ideal space:

  • Interest Rate Reduction: An Interest Rate Reduction helps you secure the best financing terms for your new home. This incentive empowers you to lower your mortgage interest rate, saving you more over the life of your loan. By securing an interest rate reduction, you can enjoy more favorable monthly payments and a more cost-effective homeownership experience.

    Interest rate reduction

  • Closing Cost Assistance: Closing cost assistance can provide coverage for various expenses associated with closing on your new home. These costs may include items like loan origination fees, appraisal fees, and title insurance. By reducing expenses at closing, this incentive helps to make your home purchase more seamless and predictable.

    Closing cost assistance

  • Design Credit: You can also use incentive dollars toward selections at our design center. This gives you the ability to upgrade the features and finishes in your home to make it even more uniquely yours.

    Design credit

For a limited time, you can enjoy incentives on select homesites across various communities in California and Idaho. This includes University Park, where we currently offer a $25,000* incentive on move-in ready homes at Esprit, Nova, and Verve. At Mahogany in Belcourt Seven Oaks, take advantage of a limited-time maximum interest rate reduction incentive of up to $35,000*, or create your own cozy and inviting outdoor living space at Bald Eagle Point with a $25,000 credit.*

Our team is ready to provide you with more information and guide you through the process of leveraging these incentives to your advantage. Contact us today to learn more about our incentives and available homesites.

Bald Eagle Point: $25,000 Outdoor Living Space Credit, valid on contracts written 10/19/23 - 12/15/23 at Bald Eagle Point. Available only on select homesites. Credit cannot be used towards closing costs and cannot be exchanged for cash or check. *Custom features are valid on contracts written 10/19/23 - 12/15/23 and available only on select homesites at Bald Eagle Point. Maximum credit on selected custom features is $25,000, any custom features/options above the maximum credit limit will be the financial responsibility of the buyer and added to the home price.

University Park: *25,000 Incentive is only applicable for a new contract written for new homesites at Esprit, Nova, and Verve, and may not replace any prior agreement currently in escrow and is non-transferable.

Mahogany at Belcourt Seven Oaks: *Mahogany Incentive is only applicable for a new contract written for Mahogany on select homesites, and may not replace any prior agreement currently in escrow and is non-transferable.

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Copyright 2024 Woodbridge Pacific Group, LLC. The improvements, amenities, information and materials described herein, are intended to provide general information about proposed plans of the developer and are subject to change or cancellation at any time without notice. Renderings and depictions are not to scale, and are an artist’s conception of proposed future development of the property depicted. Home design, materials, features, amenities, and/or prices may change without notice. Move-in ready and under-construction home photos are photo-similar and may not reflect a home’s selected features and/or finishes. Land uses are conceptual only, subject to government approvals and market factors. Prior to execution of any agreement, you should obtain and review the California Final Subdivision Public Report and the project documents. No Federal Agency has judged the merits or value, if any, of this property. Equal Housing Opportunity. Models do not reflect racial preference. All square footages are approximate. Woodbridge Pacific Group, LLC is the general contractor and project administrator. All sales activity conducted by Muirlands Real Estate Group, Inc. CA RE License 01949603.