12/02/2024
Check out the amazing offers that Brickman Homes is offering with using our in-house lender. Over 15k to use to buy down your rate, use for upgrades, closing cost or simply to reduce your out of pocket, Contact Chris at 214-878-5342 or visit us at unitedrealtyandassociates.com or brickmanhomesandconstruction.com for more details.
Temporary Rate Buydowns are available for:
Conventional primary and second home purchases & FHA and VA primary home purchases
Choose between a 3-1, 2-1, 1-1 & 1-0
3-2-1 buydown: A buydown of 3% in the first year, 2% in the second year, 1% in the third year, then back to the original locked rate in the fourth year for the duration of the term
2-1 buydown: A buydown of 2% in the first year and 1% in the second year, then back to the original locked rate in the third year for the duration of the term.
1-1 buydown: A buydown of 1% in the first two years, then back to the original locked rate in the third year for the duration of the term
1-0 buydown: A buydown of 1% in the first year, then back to the original locked rate in the second year for the duration of the term.
The borrower must qualify for the full monthly payment (before the buydown rate is applied)
Builder/Seller concessions are deposited as a lump sum into a buydown account. A portion of this sum is released each month to reduce the borrower’s monthly payments.
Example:
Conventional 30 Year Fixed
3-2-1 Temporary rate Buydown on a $350,000 loan
3-2-1 Temporary Rate Buydown
Interest Rate
Monthly Payment†
Monthly Savings
Yearly Savings
Year 1
3.75%
$1,717.15
$649.19
$7,790.28
Year 2
4.75%
$1,922.02
$444.32
$5,331.84
Years 3
5.75%
$2,138.75
$227.59
$2,731.08
Years 4-30
6.75%
$2,366.34
–
–
$15,853.20
Join us on a journey where your goals take center stage, and let United Realty and Associates be your trusted partner in achieving success in the real estate market. Free one year warranty for buyers and $500 moving cost assistance for sellers. Your vision is our mission.
