2-1 Buy Down

A 2-1 buydown loan lets you temporarily lower your interest during the first couple of years of homeownership in exchange for an upfront additional charge. During the first year of homeownership, you will pay an interest rate that is 2% lower than your standard rate. In the second year, your interest rate will be 1% lower than the agreed-upon rate. Once the first two years are up, you'll begin paying the permanent interest rate on your mortgage.

We’ll help you see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

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