Buydown
2-1 Temporary Buydown
Temporary rate reduction of 2% in year 1 and 1% in year 2, returning to note rate in year 3.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
Ideal borrower
Buyers in higher-rate environments negotiating seller-paid buydown.
Program highlights
- Year 1 rate = note rate − 2%
- Year 2 rate = note rate − 1%
- Year 3+ at note rate
- Typically seller-paid as concession
Typical uses
- Seller-funded rate relief on new purchases
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify. This is not a commitment to lend; all loans are subject to credit approval, income and asset verification, and property appraisal.