What if your new home came with a little extra financial flexibility? Lower mortgage payments, less cash at closing, or the upgrades you've been dreaming about? Discover three smart ways to make the most of your builder incentives—and which option could be the best fit for you!
What if you had several extra thousands of dollars to put toward your brand-new home? How would you use it?
At UpDwell Homes (opens in new tab), we know every homebuyer has different priorities. Some want a lower monthly mortgage payment. Others would rather keep more money in savings or add those finishing touches that make a house feel like home.
That's why our builder incentive gives eligible buyers three ways to put that money to work: home upgrades, closing costs, or an interest rate buydown.
But which option makes the most sense for you?
Option 1: Make It Yours with Home Upgrades
Imagine moving into your new home with the features you've always wanted—without having to tackle projects after move-in.
Depending on your floor plan and available options (opens in new tab), your incentive could go toward upgraded countertops, cabinetry, flooring, or other personalized finishes.
Best for:
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Buyers who have savings set aside for closing costs.
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Homeowners planning to stay long-term.
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Buyers who value personalization and move-in-ready finishes.
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Families who would rather complete upgrades during construction than renovate later.
Why choose it? You'll enjoy your favorite features from day one, without the hassle of future remodeling.
Option 2: Keep More Cash in Your Pocket with Closing Cost Assistance
Buying a home involves more than a down payment. Loan fees, title expenses, prepaid taxes, insurance, and other closing costs can add up quickly.
Applying your builder incentive toward eligible closing costs could significantly reduce the amount of cash you need at closing.
Best for:
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First-time homebuyers.
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Buyers who want to preserve their emergency savings.
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Families who need extra cash for moving, furniture, or landscaping.
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Buyers who are comfortable with their estimated monthly mortgage payment.
Why choose it? More financial breathing room when you move in.
Closing cost contributions are subject to loan program limits and lender approval. Unused incentive funds may not be available as cash back.
Option 3: Lower Your Initial Mortgage Rate with a 5-Year ARM
Would a lower initial monthly payment make homeownership more comfortable?
Using your builder incentive toward an eligible interest rate buy down on a 5-year adjustable-rate mortgage (ARM) could help reduce your mortgage payment during the initial fixed-rate period.
With a 5-year ARM, the interest rate is fixed for the first five years. After that, it can adjust according to the loan's terms, potentially increasing your monthly payment.
Best for:
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Buyers prioritizing lower initial mortgage payments.
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Homeowners who expect their income or financial circumstances to change.
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Buyers who may relocate, sell, or refinance within several years.
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Buyers who understand and can afford potential future payment increases.
Why choose it? Lower initial payments may create more room in your monthly budget.
Refinancing or selling before the rate adjusts is never guaranteed. Buyers should be comfortable with potential future payments, not just the introductory rate.
So, Which $15,000 Incentive Is Right for You?
Here's a simple way to decide:
| Your biggest priority | Consider |
|---|---|
| Personalizing your new home | Home upgrades |
| Bringing less cash to closing | Closing cost assistance |
| Lowering your initial monthly payment | Interest rate buydown |
There's no single right answer. The best incentive is the one that supports your finances, priorities, and long-term plans.
More Home. More Choices. More Freedom.
At UpDwell Homes (opens in new tab), we believe buying a new home should work for your life—not the other way around.
Ready to make your builder incentive work harder for you?
Come explore our floor plans, tour a model home, and let our team help you compare your incentive options.
Explore UpDwell Homes and find your perfect fit. (opens in new tab)
Incentive Disclaimer: Builder incentive available on eligible UpDwell Homes purchases, subject to current promotional terms, contract requirements, and availability. Incentives are not redeemable for cash and may be subject to restrictions on eligible upgrades, lender contributions, and loan programs. Financing is subject to lender approval and buyer qualifications. An ARM carries the risk of future interest rate and payment increases. UpDwell Homes is not a mortgage lender. Buyers may choose their own lender. Consult a licensed mortgage professional for loan-specific terms and disclosures. Equal Housing Opportunity.
Key Takeaway
Whether you're building your first home or upgrading to a forever home, choosing a builder with a proven track record of quality, transparency, and energy efficiency makes all the difference. UpDwell Homes has helped hundreds of Utah families find their perfect home — and we'd love to help you too.
