As a private builder, Elliott Homes is in the unique position of offering zero interest loans. These loans are for five years, have no loan origination fees and there is no balloon payment. After a 20% minimum down payment, buyers pay 60 equal payments of principal only. At the end of the five years, buyers own their home free and clear. Buyers who take advantage of this financing opportunity stand to save hundreds of thousands of dollars on interest over a standard 30-year  fixed mortgage loan. The loans are available on quick move-in homes only. Program details are available through sales representatives at each Elliott Homes community.

Example:

At the end of 5 years, you own your home free and clear.