Buydown Options
GMFS has Temporary Buydown Options available!
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
Visit gmfspartners.com/buydowns for updated Temporary Buydown Tools:
- Temporary Buydowns – How to Guide
- Temporary Buydown – FAQ
- Seller Subsidy Calculation Tool – updated for 1/0 Buydowns
Questions about Temporary Buydowns? Please email [email protected]