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Buydown Options

Buydown Options

Rebecca Squyres

October 31, 2023

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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]

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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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