Temporary Rate Buydown Programs
Increase your buying power with a temporary rate buydown. A strategic tool that can give you more buying power in today's competitive market.
Down Payment
3% - 5%
Min Credit Score
620+
Mortgage Insurance
Standard
Program Overview
A temporary rate buydown (like a 2-1 or 1-0 buydown) lowers your mortgage note rate by 2% in year one and 1% in year two. Often funded entirely by the seller or builder as an incentive, giving you low monthly payments during initial move-in years.
Key Benefits
- Enjoy substantially lower initial monthly payments for the first 1-3 years
- Seller or builder funds the escrow account — zero out-of-pocket cost to buyer
- Qualify at the full note rate, ensuring long-term affordability
- If you refinance early, unused subsidy funds in escrow reduce your principal
Qualifications
- Eligible on Conventional and FHA 30-year fixed purchase loans
- Requires negotiated seller or builder concession credit
- Must qualify at note rate without buydown adjustment
Other Loan Programs
Cash-Out Refinance
Access your home's equity with a cash-out refinance in Las Vegas, Henderson, and throughout Nevada.
Conventional Home Loans
A Conventional Mortgage is the standard by which all other mortgage loans are measured. Explore 15 to 30-year fixed-rate and adjustable options in Las Vegas.
FHA Home Loans
FHA loan services help people with lower credit scores and limited savings become homeowners in Las Vegas.
First-Time Homebuyer Loans
Guidance and financing options for first-time homebuyers in Las Vegas, Henderson, and Clark County.
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