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What is a 3-2-1 Buydown and how does it work?

Jeannette Thompson

Published 2 weeks ago

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Since interest rates are rising, you may be worried that your homeownership may be a little bit out of reach. If that’s how you are feeling, you may want to consider a 3-2-1 Buydown. Let’s look at how it works in the above PDF

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What is a 3-2-1 Buydown and will it work for you?

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National Rate Averages

Conf. 30Y Fixed

5.328^%

0.005

FHA 30Y Fixed

5.217^%

-0.031

Jumbo 30Y Fixed

4.902^%

0.079

Rate averages are calculated from actual locked rates. Learn more.

Home Loans, LLC

Company NMLS# 1850117

202 Main Street
Frisco, CO 80443

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