Now Available: 2/1 Temporary Buydowns on Government Products!

GMFS is now offering 2/1 Buydowns on  Government Products including FHA, VA and USDA.

• Government minimum FICO 640

Use seller paid funds to lower the borrower’s payment for the first two years.

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
• Seller Subsidy Calculation Tool

Also available on Conventional Products.

Questions? Please email [email protected] or reach out to your District Director!