2/1 Temporary Buydowns on Government Products
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!