2-1 and 1-0 Buydowns with Plaza

Help your borrowers get the extra boost they may need to make their home purchase a reality. Using a buydown reduces the borrower's monthly payment for the first one or two years, giving them more affordable payments.

Plaza Home Mortgage® offers 2-1 and 1-0 seller paid buydowns on: 

  • Fannie Mae®/Freddie Mac, HomeReady® and Home Possible
  • FHA, VA and USDA fixed rate programs
  • Plaza's Agency Express [including High Balance] and FHA Express submission options
  • Fannie Mae® High Balance, Freddie Mac Super Conforming, FHA High Balance and VA Jumbo
  • FHA 100% CLTV Combo program 
  • Plaza's renovation loan programs

Benefits of Using a Temporary Buydown

  • Lower payment for the first one or two years of the mortgage
  • No out of pocket cost to the borrower - funds are contributed by the seller, builder or another eligible party
  • If the loan is paid off through refinance or sale before the account is depleted, any remaining funds will be applied to the principal
  • Borrowers know how to plan with pre-determined, predictable payment increases

Guideline Highlights

  • 2-1 and 1-0 buydown options
  • Funds may come from the seller, builder or another eligible interested party
  • Purchase transactions only, Primary Residence or Second Home (program permitting)
  • Fannie Mae/Freddie Mac fixed, HomeReady and Home Possible
  • FHA, VA and USDA fixed Rate programs
  • Plaza's Agency Express and FHA Express

Take a look at our program guidelines to get all the specifics, and be sure to connect with your Plaza Account Executive today.