09/17/2024
We’re offering a lender-paid 2-1 temporary rate buydown that could be a game-changer for buyers! 💰
For example, if a borrower purchases a home for $360,825 with a 3% down payment, bringing their loan amount to $350K, they might qualify for a 5.625% interest rate. However with this program, for the first year the rate will be 3.625%, and the second year 4.625%. That’s $7607 HUGE savings paid by the LENDER! Not the buyer/seller!
Given the anticipation of continued rate declines, this is a fantastic opportunity to encourage buyers to move forward now. We can secure them at a lower rate today, making home ownership more affordable right from the start.
•Maximum Loan Amount - $350,000
•Area Median income (AMI) Requirements – Same 80% AMI requirement as currently with Home Ready / Home Possible
•Client does NOT have to be a First Time Home Buyer
•Eligible Property Types – SFR, Condos, PUD’s, and 2-4 •Unit Properties (no manufactured homes)
•Primary Residences only
Sabrina Hashimi | Loan Officer
📩[email protected]
📲951-970-9248
