2/1 Buydown
What is a 2/1 buydown?
By combining the Forward Commitment Program with a 2/1 Buydown, you can advertise interest rates as low as 3.5%, compared to the national average of 7.5%. This can dramatically increase both your application and sales volume.
For Example
Year 1: 3.5% interest rate
Year 2: 4.5% interest rate
Year 3 and beyond: 5.5% fixed rate (or as low as 5.5% depending on market rates and the builder-paid buydown).
Proven Results
Builders using the program have seen a 129% increase in applications/sales within a single month.
Over the last three months, there has been an average 43% increase in applications and sales for participating builders.
No Closing Costs on Refinancing
Buyers who take advantage of this program can also qualify for zero closing costs when refinancing within 24 months of their purchase, making it even more appealing for clients who want peace of mind in today’s fluctuating market.