Special Offers

Yes, we've got good deals, but that's not why you should choose Lokal. We're proud of the design, location, and care that went into making these homes your perfect match. Once you've found the one, let's make it a reality. Here are some details about the incentives we offer.

At Lokal Homes, we believe homebuyer incentives should be built around your needs. That's why we use Flex Cash, a customizable incentive program that gives you real choices when buying your new home. Below, you'll find information about our Flex Cash incentives and how they can best serve you. 

YOUR GUIDE TO FLEX CASH

What is Flex Cash?
Flex Cash is a financial incentive provided by Lokal Homes to make your home-buying experience more affordable. It’s a versatile benefit that helps reduce upfront costs, allowing you to focus on enjoying your new home.

Here’s how Flex Cash can work for you:

1) Closing Costs

- How it works: Flex Cash can be applied to cover fees required to finalize your home purchase, such as loan origination, appraisal, and title insurance.
- Why it’s valuable: It lowers your initial expenses, leaving you with more savings for moving, furnishing, or personalizing your new home.
- Who benefits most: Buyers looking to ease the financial burden of upfront costs during the home-buying process.

2) Rate Buydown

- How it works: Flex Cash can be applied to temporarily lower your mortgage interest rate, reducing monthly payments for the first one to three years.
- Why it’s valuable: It provides immediate savings, making homeownership more affordable while you adjust to your new financial obligations.
- Who benefits most: Buyers who want manageable monthly payments or expect their income to increase over time.

3) Lower the Purchase Price

- How it works:

Apply Flex Cash directly toward the purchase price of the home, reducing your total loan amount and increasing your equity from day one.

- Why it’s valuable: 

Lowering your price gives you instant equity and better positioning if the market appreciates. It’s a smart financial move for the long haul.

- Who benefits most:

Buyers focused on building wealth and long-term appreciation, especially those confident in local market growth.

Flex Cash gives you the flexibility to make homeownership more accessible and tailored to your needs. It’s just another way Lokal helps you take the next step with confidence!

YOUR GUIDE TO DISCOUNTED MORTGAGE RATES

What is a 30-Year Fixed Rate?  

- How It Works: With a fixed-rate mortgage, your interest rate remains the same for the entire loan term. This means your monthly principal and interest payment won’t change, regardless of market fluctuations.

- Why It’s Valuable: A fixed rate allows you to plan your finances confidently. You’ll never have to worry about rising interest rates increasing your monthly payment, which is especially valuable during times of market uncertainty.

- Who Benefits Most: A fixed-rate mortgage is perfect for buyers seeking long-term financial stability and a consistent payment plan they can rely on.

What is a Temporary Buydown?  

A temporary buydown is a financing option that lowers your mortgage interest rate for the first few years of your loan—giving you reduced monthly payments during that initial period.

- How It Works: With a temporary buydown, a portion of your interest is prepaid upfront (often by the builder or seller), allowing for a lower monthly payment in the early years. For example, with a 2-1 buydown, your rate is 2% lower in Year 1, 1% lower in Year 2, and then returns to the full rate in Year 3 for the remainder of the loan.

- Why It’s Valuable: It gives buyers immediate relief on monthly costs—helping offset moving expenses, furnishing a new home, or adapting to a new budget. It also creates a smoother financial transition as you settle in and plan long term.

- Who Benefits Most: First-time buyers, growing families, or anyone looking to ease into a mortgage. It’s especially helpful in a high-rate environment or for buyers expecting future income growth or a refinance opportunity.

What is an Adjustable Rate Mortgage (ARM)?  

An ARM is a mortgage with an interest rate that starts low and then adjusts periodically based on market conditions.

- How It Works: ARMs typically begin with a fixed-rate period (e.g., 5, 7, or 10 years), during which your interest rate stays the same. After that, the rate adjusts annually based on a market index. For example, a 5/1 ARM has a fixed rate for 5 years, then adjusts once per year.

- Why It’s Valuable: ARMs often offer a lower initial interest rate than fixed-rate loans, which means lower monthly payments during the early years. This can be especially useful if you plan to move, refinance, or pay off the loan before the rate adjusts.

- Who Benefits Most: Buyers who don’t plan to stay in their home long-term, expect future income growth, or want to maximize buying power with lower early payments.

Let's take a look at an example of the potential savings you could enjoy on a $500,000 home with a temporary buydown:

Why Choose Lokal?

At Lokal, we’re committed to making homeownership accessible and stress-free. Our customized promotions are just one way we go above and beyond to support you throughout your journey. Our ultimate goal is to make your dream home a reality.

Ready to learn more about how our Flex Cash incentives can benefit you? Contact us today to speak with one of our knowledgeable representatives. We're here to help make your dream home a reality!

Denver: (720) 656-4512

CO Springs: (719) 247-1520

Email: sales@lokalhomes.com

PRE-QUALIFY: https://blendlabs.applycolten.com/#/journey?referrerId=mmauzy%40coltenmortgage.com&loanType=MORTGAGE 

*This offer is valid on select move-in ready homes. This promotion cannot be combined with any other Lokal promotions. See sales agent for details. The table above is for illustrative purposes only and does not represent the specific terms or offering on any of Lokal's homes for sale. Contact your Community Sales Manager to find out which homes qualify. The promotion requires buyers to use Lokal's preferred lender, Colten Mortgage, a Division of AWM, NMLS 14210 - 8345 West Sunset Road, Suite 380, Las Vegas, Nevada 89113. Not all borrowers will qualify, as certain restrictions apply to all programs, including but not limited to credit qualifications. The information contained in this material is not a guarantee to extend credit or lend. Terms and conditions are subject to change without notice. Equal Housing Lender.