FHA-Home-Loans.com |
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| 1 - Loan Programs | Loan Programs |
Buydown Loans |
Details |
| Qualify for Larger Loan & Higher sales Price. Know exactly how much payments can adjustable Benefit from lower start rate Larger intial tax write-off |
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| Summary | |
FHA Buydown loans are simply 30 or 15 year fixed rate mortgages where you (or seller) have prepaid to obtain a 1% or 2% lower interest rate for 1 or 2 years. This lowers your initial monthly mortgage payments and allows a home buyer to qualify for a higher sales price home. This loan provides you with the benefit of a lower start rate but the stability of a fixed rate loan. Each year your loan will automatically go up only 1% minimally affecting your monthly payment. Once again, you may "streamline refinance" your loan almost anytime. |
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| Apply for this FHA Loan | |