Sunday, September 25, 2022

New Temporary Interest Rate Buydowns For Purchase Loans


New Temporary Interest Rate  Buydowns For Purchase Loans

2-1 Temporary Buydown
  • 2% lower interest rate in the first year
  • 1% lower interest rate in the second year
1-0 Temporary Buydown
  • 1% lower interest rate in the first year

This buydown is for purchase loans, covering Fannie Mae, Freddie Mac, FHA and VA fixed-rate mortgages. It’s funded by an escrow account carrying a credit balance, which can be contributed to by the seller, builder or real estate agent.

This incentive gives buyers access to lower rates and monthly payments. They could potentially save thousands of dollars in the first few years of their loan.

Feel free to contact me with any questions.

Bob McCormick, President

Office 800-328-0144 

Lending in Arizona and California 

14362 N Frank Lloyd Wright Blvd #1000
Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150
Newport Beach, CA 92660


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