Special Offer:  Primary Residence Homebuyer: Lets Buydown Your Rate for the First 2 Years!

In today’s housing market, securing the best possible mortgage deal can make all the difference for primary residence homebuyers. We understand the challenges that come with finding a home within budget while managing through these high interest rates. That's why we're excited to introduce a special offer to ease the process: a 30-year fixed-rate 2-1 Temporary Buydown available for both the First-Time Homebuyer or new home buyer. 

What is a 2-1 Temporary Buydown?

A 2-1 Temporary Buydown is a mortgage feature that allows you to start your loan at a lower interest rate, making your initial payments more affordable. With this special offer:

• Year 1: Enjoy a 2% reduced rate.
• Year 2: Benefit from a 1% reduced rate.
• Year 3 and beyond: The interest rate will revert to the original fixed rate for the remainder of the loan term.

Why This Offer is Special

Traditionally, buydowns were paid by the seller or realtor. However, under this special program, our lender will cover the cost of the buydown, providing you with immediate financial relief without the need to negotiate these terms with the seller. This offer makes homeownership more accessible and budget-friendly, especially during the initial years of your mortgage.

Eligibility Criteria

To qualify for this special offer, you need to meet the following criteria:

1. Income Requirements: Your income must be 80% or less of the area median income (AMI) for the property where you wish to purchase. (For most of the Denver-Metro area the income limit is $104,320 per year.)

2. Loan Amount: The loan amount is limited to $350,000. This limit ensures that the program supports moderate-priced home purchases.

3. Credit Score: A minimum credit score of 620 is required to qualify for this offer, ensuring that applicants have a solid credit foundation.

4. Property Type: One to four units primary residence including eligible condos and town homes.  Manufactured homes are not eligible for this program. 

5. Down Payment:

• A minimum of 3% down payment is required, allowing for a purchase price of up to $360,800.
• No  maximum down payment but the loan is limited to $350,000.

   

No Prepayment Penalty

Another great advantage of this offer is that there is no prepayment penalty. This means you have the flexibility to make extra payments or pay off your loan early without incurring any additional fees. This can save you even more money over the life of your mortgage and gives you the freedom to manage your finances in a way that suits you best.

The Benefits

Imagine securing a mortgage rate that is 2% below the current rate for the first year and 1% below the current rate for the second year! This significant reduction can mean substantial savings, making it easier for you to manage other expenses, save for future needs, or simply enjoy a bit more financial breathing room.

Ready to Make Your Dream of Owning a Home Reality?

Our 2-1 Temporary Buydown offer is designed to help you get into your new home more comfortably and confidently. With the first two years featuring reduced interest rates and the cost covered for you, you can focus on settling into your new home rather than worrying about high initial mortgage payments. Plus, with no prepayment penalty, you have the flexibility to pay off your loan on your terms.

Contact us today at (303) 650-9400 to learn more about this exclusive offer and take the first step towards homeownership! Your dream of owning a home  is within reach, and we’re here to help make it happen.