Coventry Homes extended its “Ultimate Savings Event” through May, according to a news release. The promotion was originally set to end in April.

Homebuyers have two options: an interest rate buy-down of 3.75% or the elimination of closing costs.

“Homebuyers really responded to our latest promotion,” said Paul Blackburn, division president for Coventry Homes. “Many people don’t want to get locked into the prevailing high interest rates or can’t afford the closing costs. We are making it easier for them to achieve their dream of homeownership.”

For buyers who choose the interest rate buy-down, Coventry will pay discount points for the first two years. For those who opt to eliminate closing costs, Coventry will pay the fees that arise during final paperwork — on average, about 2% to 3% of the total home cost.

Coventry currently offers homes in 25 Houston-area communities, including Grand Central Park.