2-1 Buydown
For interested party contributions to lower borrower cost for the first 2 years
- Purchase transactions only
- Eligible for primary residences
- 30 year fixed rate only
- Buydown fee may be paid by seller or builder but must be written into the contract
Available on the following programs:
Asset Qualifier
Bank Statement Loans
Full Doc Platinum Jumbo
Full Doc Portfolio Select
Min Fico
640
(680 minimum Platinum Jumbo)
Max LTV
80%
A 2-1 buydown provides a two-year reprieve from elevated rates for borrowers, expanding your reach to more potential underserved clients.
2-1 Buydown Calculator
What is the benefit to originators who use non-QM loan products?
Originators who utilize non-QM offer a service that their competition may not offer. They become an expert and go-to for the non-QM borrower. The benefit is increased referrals and business growth despite changes in the market. Continue to increase your volume each year regardless of fluctuating interest rates, tighter Agency guidelines, and a slowing refinance market.
Bank Statement Questionnaire
Our bank statement questionnaire collects some basic information on your financial history and expenses. This information will be used to help assess financial stability.