Unlock the borrowing potential for your clients while expanding your pipeline with our Non-QM Buydowns!

Non-QM buydowns (available on TRID loans only) give borrowers a reprieve from a higher rate during the first two years of their loan, plus gives you the ability to reach more clients.

Program Highlights

- 30 year fixed rate* only, available on TRID loans only
- Allowed on Primary Residence, Investment and Second Homes
- Purchase transactions only, not permitted on refinances
- Permitted on 2-4 Unit Single Family Residence, PUD Condo
- Available on Full Doc and Alt Doc Income Types
- Seller/Builder paid only
- Standard Interested Party Contribution guidelines apply
- Not available on DSCR Loans.

2-1 Buydown:

- 24 month term
- Initial interest rate is temporarily reduced by no more than two (2) percent below the note rate for year one (1) and reduced by no more than one (1) percent below the note rate for year two (2). The non-reduced note rate applies for years three (3) through thirty (30).

1-0 Buydown:

12 month Term
Initial interest rate is temporarily reduced by no more than one (1) percent below the note rate with the non-reduced note rate applying for years two (2) through thirty (30).

NOTE: This program does not reduce the Note Rate of the Loan. Contact Your Account Executive for more information.

*For those that qualify