Our buydown loans offer a reduced interest rate for the initial one or two years, with the seller covering the cost. Take advantage of offering our 2-1 and 1-0 Buydown program to provide borrowers with the opportunity to secure a lower interest rate for the first one or two years. This program allows borrowers to benefit from reduced monthly payments and potentially save money in the long run.
- 30-year Fixed Rate Mortgages
- Eligible for Primary Residences only
- Includes Single Family Residences, PUDs, and Condos
- Available for FNMA and FHA loans
- High Balance option available
- FNMA HomeReady program option available
- Applicable for Purchase Transactions only
- Terms include 24 months (2-1) and 12 months (1-0)
- Borrower(s) qualification based on Note Rate, not buydown rate
- Buydown cost covered by Seller/Builder concessions
- Seller concessions vary depending on the loan program
Contact us to learn more about our buy-down program and how it will surely save you interest money in the first 2 years.
