Temporary Buydown Loans

Lower Your Monthly Payments for One Year!

With a 1-0 Buydown, the lender covers the cost of one percentage point's worth of interest for the first year of your loan.

With a Buydown loan, the homeowner can benefit from lower monthly mortgage payments for the first year. This type of loan is worth considering for first-time buyers looking to ease into homeownership.

Use a 1-0 Buydown on a Conforming Loan, High-Balance Loan, FHA or VA Loan

A Buydown is not a specific type of loan, think of it as a feature that can be added to a loan.

1-0 Buydown is paid by the Lender
Valid on several types of fixed rate loans
Requires FICO scores of 620+
Owner occupied purchase transactions
1 to 4 units (excludes manufactured homes)

If you're interested in exploring buydown loans further, contact us at Norstar Mortgage Services Inc. today. We're here to help you navigate the home loan process and find the best option for your financial needs.