Buydowns are available on Conventional, FHA, VA, and USDA non-specialty 30 year fixed purchase loans.

Options include: 3/2/1 ; 2/1 ;1/1 or 1/0

• Not eligible on investment properties
• Minimum 640 FICO required on government loans
• Buydown funds must be paid by the seller
• Buydown must be reflected on the lock
• Buydown must be disclosed on the purchase agreement
• Separate buydown agreement must be signed by the borrower, seller, and lender

3/2/1 Buydowns are limited to Conventional ONLY and must have a 90% or lower LTV