Your Partner in Real Estate

Get Ready to Buy Your Dream Home or Looking For a Land Lender?

So you're ready to start shopping for a home or land, but you don't know what you can afford? It's important to get a clear picture of your buying power before you start shopping. I would highly recommend that you reach out to a mortgage expert to get pre-approved! If you don't have a mortgage consultant, you'll find a few recommendations here!

*Buyers should perform their due diligence when selecting a financial advisor.

Peoples Mortgage Company

Land Loan Resource, USDA Home Loans, FHA & Home Renovation Laons, Jumbo Home Loans, Conventional Mortgage Loans, FHA loans, plus so much more!

CLICK HERE - Paxton Buglewicz - Peoples Mortgage Company

Fairway Independent Mortgage

Adjustable Rate Mortgage, Conventional Loan, FHA Loan, Fixed-Rate Mortgage Loan, Jumbo Mortgage Loan, USDA Mortgage Loan, VA Loan, plus much more!

CLICK HERE - Caleb Smith - Fairway Independent Mortgage

Prosperity Mortgage

USDA Loan, FHA Loan, Conventional Loan, VA Loan & much more!

CLICK HERE - Ryan Fitzgerald Prosperity Mortgage

What does a 2-1 rate buydown look like?

THE NUTS & BOLTS OF A BUYDOWN

A 2-1 rate buydown is a mortgage financing strategy that temporarily lowers your interest rate for the first two years of your loan. In year one, your rate is reduced by 2%, followed by a 1% reduction in year two. By year three, the rate returns to the original fixed rate for the remainder of the loan term. This can ease the financial transition into homeownership by offering lower initial monthly payments, making budgeting more manageable while you settle in or anticipate future income growth.

Questions?

Reach out to Ryan Fitzgerald at Prosperity Mortgage who can help walk you through whether a 2-1 Rate Buydown would work for your specific situation!

Of course, you're welcome to work with any lender of your choosing—whatever feels right for you.