Deliver more ways to save.
Temporary Buydowns from CF Wholesale are a great way to help your borrowers save on their home purchases. With this program, buyers may leverage closing credits offered by sellers or builders to prepay their home loan’s interest for up to three years.
Apply buydowns to VA, FHA, and Conventional loans.
Our Temporary Buydown program offers VA, FHA, and Conventional (including HomeReady® and Home Possible®) borrowers a better way to purchase. By strategically applying closing credits, buyers can effectively slash their interest rate during the early years of their mortgage. Afterward, they’ll make payments at their original noted rate for the remainder of the loan term.
1-0 Temporary Buydown
The 1-0 Temporary Buydown helps borrowers save during their first year of homeownership. They’ll receive a 1% discount on their quoted interest rate for one year. Afterward, interest payments resume normally. A lump sum is paid during closing, using credits from sellers or builders. Finally, this sum is held in escrow and distributed over the year-long term period, providing owners with lowered out-of-pocket costs.
2-1 Temporary Buydown
The 2-1 Temporary Buydown helps borrowers save during their first two years of homeownership. They’ll receive a 2% discount on their quoted interest rate for the first year, and 1% in the second year. Afterward, interest payments resume normally. A lump sum is paid during closing, using credits from sellers or builders. Finally, this sum is held in escrow and distributed over the two-year-long term period.
3-2-1 Temporary Buydown
Our 3-2-1 Temporary Buydown helps borrowers save on interest over the first three years of homeownership.
- 3% in the first year, 2% in the second, 1% in the third. Interest payments resume normally afterward.
- A lump sum is paid during closing, using credits from sellers or builders.
- This sum is held in escrow and distributed over three years.
Ready to help your borrowers save?
Reach out to your Account Executive today to learn more about CF Wholesale’s Temporary Buydown programs.
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