2-1 and 1-0 Buydowns Are Here!

Help your borrowers get the extra boost they may need to make their home purchase a reality.

Plaza Home Mortgage® offers 2-1 and 1-0 seller paid buydowns on our core Fannie Mae®, Freddie Mac, FHA, VA, and USDA fixed rate programs!

Using a buydown reduces the borrower's monthly payment for the first one or two years, giving them more affordable payments.

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
  • Fannie Mae/Freddie Mac, FHA, VA and USDA Fixed Rate programs
  • Purchase transactions only, Primary Residence or Second Home (program permitting)

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