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NAF Buydowns
New American Funding’s temporary buydown options can create more homebuying opportunities for your clients! These options allow your clients to explore different ways to save on their monthly mortgage payments during the early years of homeownership with your expert guidance.
Buydown Options ​
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1-0 Buydown: Lowers the payment rate by 1% for the first 12 months of the loan.
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1-1-1 Buydown: The payment rate is lowered by 1% for the first 36 months of the loan.
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2-1 Buydown: Lowers the payment rate by 2% for the first 24 months of the loan, and then by 1% for months 25-36.
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3-2-1 Buydown: The payment rate is lowered by 3% for the first 12 months, 2% for months 13-24, and 1% for months 25-36.
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