2-1 Buy Down
This video describes a temporary buy down program available in FHA, VA and conventional loans the lowers the first year's payment by 2%; the second year's payment by 1% and the third through thirtieth year at the note rate. It is a conforming, fixed rate mortgage that the buyer must qualify for at the note rate.
This video describes a temporary buy down program available in FHA, VA and conventional loans the lowers the first year's payment by 2%; the second year's payment by 1% and the third through thirtieth year at the note rate. It is a conforming, fixed rate mortgage that the buyer must qualify for at the note rate.