People and Housing

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Learn About 2-1 Buydown Home Loans!

How Does A
2-1 Buydown Work?

  • Can be paid for by the Seller concession!
  • In year one, the interest rate is 2% less than the original, locked-in rate.
  • In year two, the interest rate is 1% less.
  • Available for Conventional, FHA,
    and VA 30-year fixed-rate loans.


*If you’ve locked in a 7.000% interest rate, the 2-1 Buydown Program would allow you to make monthly payments at a 5.000% interest-rate for the  entire first year of your mortgage. Then, in year two, your payments would be based on a 6.000% interest rate. Finally, once you hit year three and for the remaining life of your loan, your payments would reflect your originally agreed upon 7.000% interest rate.