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Home buying is more affordable with a buy down program

What is a buy down program?

You have a partner, us, prepay enough interest upfront to make it feel like you have lower interest rate temporarily.

Your interest rate stays the same for the life of your loan.

We prepay a portion of you payment at the time of closing, which could save you thousands in mortgage payments your first year.

A buy down program is:

  • It is not a deferment.

  • It is not an ARM.

  • It is a fixed term loan that saves you money your first year.

Here’s an example

You’re probably still wondering how this works…

The scenario

Imagine the purchase price of your new home is $450,000
You plan on making a 5% down payment.
You’re locking in an interest rate of 6.875% at the time your purchase.

That would make your loan amount $427,500 in this example

The deal

Year 1 your effective payment interest rate would be 5.875% making your monthly payment $2,529

Year 2 – 30 your interest rate would be 6.875% making your monthly payment of $2,808

That first year, you’d save $280 a month, which means we would pay and you would save $3,555 that first year.

The takeaway

You’d save $3,555 in year one!

That’s not money you have to pay later, it’s not deferred, and this isn’t an ARM.

This is a fixed rate for 30 years.

You’d save thousands of dollars in payments your first year that you’d otherwise pay if you didn’t choose to use a Buy Down Program.

If you’re buying a house this year, don’t throw money away that you could keep by using a buy down program!

You don’t have to have immaculate credit to qualify. Our buy down program works with most loan types: conventional, VA, FHA…

Give us a call or contact us online, we’d be more than happy to answer your questions.

Request a call back from Gaye Crump

You can expect the first initial call to last on average around 15 minutes, but we can go shorter or longer if you’d like.

Contact Gaye Crump directly at…
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Call Gaye directly at:

1-806-674-9500