3-2-1 Buy Down
Interested in a lower interest rate for the first three years of your loan? Our 3-2-1 Buydown Loan Program may be the perfect fit for you! Contact us today to get started on your home journey!
NOW AVAILABLE ON CONVENTIONAL, FHA, VA, VA, AND USDA!
Whether you're a first time homebuyer or purchasing your third home, our 3-2-1 Buy Down Program can be a great option for you! This program is designed to lower the effective interest rate for the first 3 years of your loan before it rises to the note rate. The seller or any interested party will pay a fee to supplement the borrower's interest for 36 months.
See chart below for example:
| Year | Mortgage Rate Reduction | Rate/Monthly Payment $300,000 Loan | Seller / Other Interested Party Pays |
|---|---|---|---|
|
1 |
3% Rate Reduction | 4% / $1,432 |
At Closing |
| 2 | 2% Rate Reduction | 5% / $1,610 | At Closing |
|
3 |
1% Rate Reduction | 6% / $1,799 | At Closing |
| 4-30 | Note Rate | 7% / $1,996 | N/A |
*Payment is principal and interest only, does not include taxes, insurance, or HOA fees. Rates quoted are for example purposes only and do not reflect current available rates.
Contact us today to get you started!