Want a better offer on your home? Sell your home faster - at asking price or more - with a seller-paid buydown.
How it Works:
A 2/1 buydown temporarily reduces the buyer’s mortgage interest rate the first two years of the loan.
The temporary buydown is paid for by the seller as an incentive to purchase your home.
The buyer’s monthly mortgage payments will be reduced the first two years of the mortgage, allowing them to pay full price for your home.
When Does a Seller-Paid Buydown Make Sense?
Mortgage rates are trending higher, making affordability more difficult for buyers.
Home sales are slowing down, resulting in higher competition among sellers.
The seller wants to attract more buyers without reducing their asking price.
There’s a potential to increase the seller’s profit with a buydown strategy.
We'll crunch the numbers and help you decide if a seller-paid buydown is right for you.
Additional restrictions, requirements and underwriting conditions may apply. Speak with your Mortgage Branch Manager, CMPS for details. Not a commitment to lend. Borrower must meet qualification criteria. Program details are current as of September 2023 and are subject to change without notice.
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Looking for a little assistance with your down payment?
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