BELLEVUE, Wash. – (October 9, 2008) – Quadrant Homes unveiled a new home buying program, “Much More House. A Lot Less Money,” to help potential homebuyers purchase a new home in one of Quadrant’s 15 communities located throughout the Puget Sound region. The 3-month program is designed to provide low monthly payments for customers who might otherwise only be able to afford to rent.
“We’ve put together a program unlike any other to help potential homebuyers afford a new home,” Quadrant Homes Executive Vice President of Sales and Marketing, Ken Krivanec said. “By partnering with Wells Fargo Home Mortgage and Quadrant Home Loans, we are able to offer monthly mortgage payments as low as rent payments in the area. And although the housing market has changed, we believe people still want to take advantage of homeownership while it’s a buyers market.”
The program is simple and works like this: Quadrant is permanently buying down interest rates for its buyers which locks-in an affordable payment for 30 years. Payments vary by community, but regularly range between $800 and $1200 a month. Details are available at www.quadranthomes.com/yes or by calling 1-866-78HOMES.
“This market is not a doom and gloom one for a new homebuyer,” advised Krivanec. “Instead, now is the time for potential buyers to take advantage of the unique combination of low interest rates and incentives we can offer.”
“Quadrant is still building new homes and delivering them to new homeowners every day. And with this program, people can actually get into these new homes instead of paying rent or waiting to see if the prices will drop on used homes,” concluded Dave Mozzone, Quadrant Homes Vice President of Construction.
About Quadrant Homes
Quadrant Homes, a subsidiary of Weyerhaeuser Real Estate Company, is Washington State’s largest single-family homebuilder. The company is a former “Builder of the Year” by the Master Builders Association of King and Snohomish Counties, a “Best Place to Work” by Washington CEO magazine and one of “Washington’s Best Work Places” by the Puget Sound Business Journal. In addition, Quadrant is recognized by the Environmental Protection Agency as an Energy Star qualified builder. Now in its 39th year, Quadrant Homes is building or developing home communities in Pierce, King, Snohomish, Kitsap, Skagit and Thurston Counties. For more information, visit Quadrant’s Web site at www.quadranthomes.com.