Shop Smarter with a Down Payment Savings Plan to Secure Your New Home

If you’re thinking of building a home from the ground up, our Down Payment Savings Plan is designed to help you get there.1 We understand that saving up for a down payment can seem daunting, which is why we’re offering this program to make the process easier and more accessible. 

As construction progresses, your savings grow, and your future takes shape. Refill your pockets and watch your home come to life! Read on for all the details. 

What is the Down Payment Savings Plan? 

The Down Payment Savings Plan is a structured way to contribute to your Earnest Money Deposit in stages while your home is being built. Instead of making one large payment all at once when you sign your Purchase Agreement, you can comfortably spread out your Earnest Money Deposits over time in a plan designed for you.  
 

Why it works: 

  • You get more time to save while your home is under construction 
  • It reduces financial stress by eliminating the need to scramble for funds 
  • You stay on track toward homeownership without delaying your purchase 

Understanding Earnest Money 

If you’re thinking to yourself, “what in the world is an Earnest Money Deposit?” you’re not alone. Let’s define it: 

Earnest Money is a deposit that shows you’re serious about buying a home. It’s paid when you sign the Purchase Agreement and ensures your home is taken off the market. 

Here’s how it works: 

  • Due at signing: You’ll make your initial Earnest Money Deposit when you sign the Purchase Agreement 
  • Credited at closing: These funds are applied toward your down payment or closing costs when your home is ready 

With the Down Payment Savings Plan, you can make these contributions in smaller, manageable amounts throughout the build process. 

How to Get Started 

Ready to explore your options? Here’s how to take the next step: 

  • Talk with a Community Sales Manager at your local community. They’ll walk you through the Down Payment Savings Plan and answer any questions. 

  1. Disclaimer:  
    *Buyers participating in the Taylor Morrison Down Payment Savings and home purchase program (the “Plan”) are required to save sufficient funds for both the down payment and closing costs throughout the construction period of their new To-Be-Built and select Inventory homes. Not available on Quick Move-in and Move-in Ready Homes.  These amounts are separate and must be available at closing. Buyers should consult with their lender and budget accordingly to ensure all required payments are made on time. Eligibility requirements such as income limits, credit score minimums and other mortgage related limitations may apply.  For eligibility of the above Plan, Qualified Buyer of a new Taylor Morrison Home must (1) pre-apply with Affiliated Lender by visiting www. taylormorrison.com/home-financing prior to submitting offer to qualify for the Plan; (2) utilize the services of Closing Agent selected only by Seller and finance with Affiliated Lender; and (3) satisfy all other stage of construction, closing date and eligibility criteria (each, an “Eligible Home”). Buyer is not required to finance through Affiliated Lender and/or to use such Closing Agent selected by Seller to purchase a home; however, Buyer must use both the Closing Agent selected by Seller and finance through Affiliated Lender to participate in the Plan. Interest rates and available loan products are subject to underwriting, loan qualification, and program guidelines. Maximum seller contributions apply. 
      
    Other restrictions may apply. Not all Borrowers will qualify. Services not available in all states. Taylor Morrison Home Funding, Inc., NMLS # 8588, 495 North Keller Road, Suite 550, Maitland, FL 32751 www.nmlsconsumeraccess.org. All information (including, but not limited to prices, views, availability, school assignments, and ratings, incentives, floor plans, site plans, features, standards and options, assessments and fees, planned amenities, programs, conceptual artists’ renderings and community development plans) is not guaranteed and remains subject to change or delay without notice.  All Eligible Homes are subject to prior sale. This is not an offering in any state where prohibited or otherwise restricted by law. Please see a Community Sales Manager for details or visit www.taylormorrison.com for additional state and community specific disclaimers, licensing information and other details (as applicable). © August 2025, Taylor Morrison LLC. All rights reserved. 9473  ↩︎

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All information (including, but not limited to prices, views, availability, school assignments and ratings, incentives, floor plans, exteriors, site plans, features, standards and options, assessments and fees, planned amenities, programs, conceptual artists’ renderings and community development plans) is not guaranteed and remains subject to change, availability or delay without notice. Any community improvements, recreational features and amenities described are based upon current development plans, which are subject to change and under no obligation to be completed. Maps and plans are not to scale, are not intended to show specific detailing and all dimensions are approximate. Prices may not include lot premiums, upgrades and options. Community Association or other fees may be required. This communication is not intended to constitute an offering in violation of the law of any jurisdiction and in such cases our communications may be limited by the laws of your state. Please see a Taylor Morrison Community Sales Manager or Online Sales Manager for details and visit www.taylormorrison.com for additional disclaimers. For our Age Qualified Communities only: At least one resident of household must be 55 or older, and additional restrictions apply. Some residents may be younger than 55 in limited circumstances. For minimum age requirements for permanent residents in a specific community, please see Taylor Morrison Community Sales Manager for complete details.