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Now Available: 2/1 Temporary Buydowns on Conventional Products

Now Available: 2/1 Temporary Buydowns on Conventional Products

Rebecca Squyres

August 17, 2022

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GMFS is excited to announce another great product for your builder partners! Use seller paid funds to lower the borrower’s payment for the first two years. Available on Conventional products only at this time.

Example scenario: Borrower locks in a 5% rate with GMFS, and uses funds from the seller to buy the rate down to 3% in year one and 4% in year two.

Here are some helpful tools for this product:

  • 2/1 Temporary Buydown – Guide
  • 2/1 Temporary Buydown – FAQ
  • Buydown Agreement Disclosure

Questions? Please email [email protected] or reach out to the GMFS Agent Team!

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About GMFS

We are one of the fastest growing mortgage companies in the United States offering great mortgage financial solutions. Headquartered in Baton Rouge, Louisiana, GMFS originates residential mortgage loans, primarily in the southern states. Founded in 1999, GMFS has approximately 250 employees. more about GMFS

GMFS Mortgage is a BBB Accredited Mortgage Lender in Baton Rouge, LA
Equal Housing Lender. © 2017 GMFS, LLC. Upfront approval subject to satisfactory property review and no change in financial condition. Some products may not be available in all states. All loans subject to credit approval. All mortgages are originated by GMFS LLC at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. NMLS #64997. LA License 619. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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