Specialty Program
TEMPORARY
BUYDOWNS
Lower your interest rate for the first years of your loan with 2-1 or 3-2-1 buydown options. Ease into homeownership with reduced initial payments.
Lower your interest rate for the first years of your loan with 2-1 or 3-2-1 buydown options. Ease into homeownership with reduced initial payments.
Temporary buydowns help buyers afford homes in high-rate environments while planning for income growth.
Significantly reduced payments in the first years help you adjust to homeownership expenses.
Often paid by sellers or builders as a concession instead of price reductions. You benefit without additional out-of-pocket cost.
You qualify at the permanent rate, ensuring you can afford the home long-term—even after the buydown ends.
If rates drop during your buydown period, you can refinance before reaching your full permanent rate.
Perfect if you expect salary increases, promotions, or career advancement in the coming years.
A temporary buydown reduces your interest rate for the first 1-3 years of your mortgage. The cost is typically paid upfront by the seller, builder, or lender as a concession.
Year 1: Rate is 2% below permanent rate. Year 2: Rate is 1% below. Year 3+: Full permanent rate. Most popular option.
Year 1: 3% below. Year 2: 2% below. Year 3: 1% below. Year 4+: Full rate. Maximum initial savings.
Year 1: 1% below permanent rate. Year 2+: Full rate. Simplest and least expensive option.
$500,000 loan at 7% permanent rate:
Temporary buydowns reduce your initial payments, giving you time to grow into your mortgage. It's a smart way to manage your budget in the crucial first years.
Professionals expecting promotions, raises, or career advancement in coming years.
Builders often offer buydowns as incentives on new homes.
Use seller concessions for a buydown instead of price reductions.
Those expecting rates to fall and planning to refinance before buydown ends.
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