1. A temporary buydown will need to be paid for by the builder or seller of the home. Borrower cannot pay for a buydown.
.
2. Home-buyer begins payments with an interest rate 2% lower than the original rate in year 1, and a 1% lower interest rate in year 2.
.
3. After two years, the original interest rate resumes for the life of the loan.
.
FHA
30 Yr Fixed
$1,660.29
Monthly Payment
4.125%
Interest Rate
7.139%
APR
Down Payment: $12,425
Loan Amount: $342,575
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FNMA
30 Yr Fixed
$1,770.41
Monthly Payment
4.625%
Interest Rate
7.238%
APR
Down Payment: $10,650
Loan Amount: $344,350
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VA
30 Yr Fixed
$1,720.51
Monthly Payment
4.125%
Interest Rate
6.682%
APR
Down Payment: $0
Loan Amount: $355,000
CONTACT US

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