On Fannie and FHA Loans
Reach more clients with our 2-1 Buydown!
On Fannie and FHA* Loans
Take advantage of our 2-ONE Buydown Program to help clients with a reduced rate for the first two years of their loan. Good on FNMA and FHA loans!
This is a great incentive for buyers to enjoy a temporary rate reduction on their interest rate all while getting into the home they want. Talk with your AE about this program.
• 30-year Fixed Rate Mortgages
• Primary Residences only
• Single Family Residences, PUD and Condos
• FNMA and FHA only – No DPA allowed
• Purchase Transactions only • Term: 24 months (2-1)
• Borrower(s) are Qualified off Note Rate not buydown rate
• Buydown cost is paid by Seller/Builder concessions
• Seller Concessions: Max 6% on FHA Max 6% up to 90% FNMA Max 3% greater than 90% FNMA
How does a 2-ONE Buydown work?
What are the benefits of a 2-ONE Buydown?
How to get started with a 2-ONE Buydown?
If you are an approved Broker with Forward Lending, contact your Account Executive.
If you aren’t yet approved, get approved: https://forwardlendingmtg.com/get-approved/
*Not available on Manually Underwritten loans for FHA. Restrictions apply.
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