2-1 Buydown Program

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2-1 Buydown Program

  • Fixed-rate financing: This is not an Adjustable-Rate Mortgage (ARM) where the rate and payments can fluctuate uncertainly in the future.
  • Increased affordability: The lower payments in the first two years may make the mortgage more affordable for borrowers who are stretching their budget to purchase a home.*
  • The seller can pay the upfront fee on the buyer’s behalf, reducing the cost of financing.