3-2-1 Buydown & 2-1 Buydown

3-2-1 Buydown & 2-1 Buydown

I CAN HELP BORROWERS LOWER THEIR INTEREST RATE BY UP TO 3% AT THE START OF THEIR LOAN.

I can give my clients extra flexibility with a lower monthly payment by offering them a Temporary Rate Buydown to lower their interest rate at the start of their loan. It’s a great option for almost any borrower, especially those who:

  • Expect an increase in their income in the next few years.
  • Have excess seller concessions to use and want to take advantage of a low fixed rate?
  • Are looking to do renovations, make upgrades, or buy furniture for their new home?
  • Are going from renting to buying and want to ease into their mortgage with a lower payment?

Temporary Rate Buydowns are available for:

  • Conventional primary and second home purchases.
  • FHA and VA primary home purchases.
  • Prime Jumbo 30-year fixed primary and second home purchases.

 The borrower must qualify for the full monthly payment (before the buydown rate is applied).

For the seller-paid option, seller concessions are deposited as a lump sum into a buydown account. A portion of this sum is released each month to reduce the borrower’s monthly payments.

 

CONTACT INFO

214 Sahara Dr
Kingston, PA 18704

LICENSING

Mortgage Broker/Consultant
Licensed by FL & PA Dept. of Banking
NMLS# 145188
Company NMLS # 899962

Equal Housing Lender