Incentive Disclaimer & Use Policy

Legacy South offers a combination of Core Incentives, Advertised Incentives, and Event-Based Coupons to qualified buyers, subject to the terms below.

Core Incentives

Core Incentives are standard programs offered by Legacy South and may include, but are not limited to:

• First-Time Buyer Incentive – $2,500 toward allowable closing costs

• Hometown Hero Incentive – $2,500 toward allowable closing costs

• Give the Gift of Home Incentive – $5,000 toward allowable closing costs

Advertised Incentives

Advertised Incentives are limited-time promotional offers publicly marketed by Legacy South through its website, advertising campaigns, or other official marketing channels. Advertised Incentives may include, but are not limited to:

• Design or option credits

• Upgrade allowances

• Closing cost contributions

• Other purchase-related incentives expressly described in the applicable advertisement

Advertised Incentives are subject to specific terms, eligibility requirements, timelines, and availability as stated in the applicable promotion and may be modified or withdrawn at any time.

Coupons

Coupons are promotional offers issued in connection with specific events, appointments, registrations, or attendance at Legacy South–hosted or Legacy South–approved activities. Coupons may provide a stated dollar amount or benefit toward the purchase price, options, or Allowable Closing Costs, as expressly stated on the coupon or related materials.

Coupons restrictions:

• Must be presented and disclosed prior to contract execution

• Are valid only for the specific event or promotion for which they were issued

• Have no cash value and may not be substituted, transferred, or redeemed outside their stated purpose

Incentive Stacking Rules

To ensure fairness and consistency, the following rules apply:

1. Buyers may apply any combination of up to two (2) incentives per purchase, which may include Core Incentives, Advertised Incentives, and/or Coupons.

2. No more than two (2) total incentives may be used in any transaction, regardless of type or source.

3. Incentives may not be exchanged for cash, used to reduce the purchase price unless expressly stated, or applied beyond Allowable Closing Costs or expressly approved purchase items.

4. All incentives must be disclosed and applied at the time of contract execution and may not be added retroactively.

Additional Terms

• Incentives are subject to buyer qualification, lender approval, and applicable loan program guidelines.

• Incentives must be disclosed and applied prior to any contract negotiations and at the time of contract and may not be added retroactively. If any price reductions or incentives are negotiated prior to the disclosure of the use of a Core Incentive or Coupon, the Core Incentive or Coupon shall not apply.

• Incentives may vary by community, homesite, floor plan, or financing program.

• Legacy South reserves the right to modify or discontinue any incentive at any time without prior notice.

• All incentives are void where prohibited and have no cash value.

For full details and eligibility requirements, buyers should consult their New Home Counselor prior to contract execution.

Definition of Allowable Closing Costs

For purposes of all Legacy South incentives, “Allowable Closing Costs” shall mean only those buyer closing expenses customarily permitted by the buyer’s lender and approved by Legacy South, which may include, but are not limited to:

• Loan origination, underwriting, and processing fees

• Appraisal and credit report fees

• Title insurance premiums and title-related settlement fees

• Recording fees and transfer taxes, where applicable

• Prepaid items required by the lender, including escrow reserves for property taxes and homeowners insurance

• Other customary lender-approved fees directly related to the loan and closing process
  
  

Allowable Closing Costs expressly exclude, without limitation:

• Down payment or earnest money

• Home price reductions or cash back to the buyer

• Homeowner association initiation fees, capital contributions, or special assessments

• Design upgrades, options, or structural changes unless expressly stated as part of a separate advertised incentive

• Post-closing expenses or reimbursements

• Any costs disallowed by the buyer’s lender, investor, or applicable loan program
  
  

The determination of what constitutes Allowable Closing Costs shall be made solely by Legacy South in coordination with the buyer’s lender, and Legacy South’s determination shall be final.