Seller Paid Temporary Buydowns are available on Conventional, FHA, VA, and USDA nonspecialty 30 year fixed purchase loans.
Lender Paid Temporary Buydowns are available on Conventional non-specialty 30 year fixed purchase loans.
Options include: 3/2/1 (seller only) ; 2/1 ;1/1 or 1/0
For all Options, the borrower must qualify at the full note rate. Buydown must be reflected on the lock and disclosed in the purchase agreement. Please see the TPO Product Guide for full eligibility guidelines.