Unlock the borrowing potential for your clients while expanding your pipeline with our Non-QM Buydowns!
Non-QM buydowns 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.
30 year fixed rate only
Allowed on Primary Residence, Investment and Second Homes
Purchase transactions only, not permitted on refinances
Permitted on 1-2 Unit Single Family Residence, PUD and Condo only
Seller/Builder paid only
Standard Interested Party Contribution guidelines apply
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).
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).
Contact Your Account Executive for more information.