Buydown

2-1 Temporary Buydown

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

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.

Apply for this program (213) 880-8107

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.