– AAA Lendings Temporary Buydown – AAA Lendings Detail:
Overview
A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. In the case of discount points, the interest rate is lower for the loan term.
* For Conforming & High Balance Loan
Loan Scenario
The First Year Rate is 4.375%
· 2-1 Buydown
· 30 Years Fixed
· Note Rate 6.375% (Note rate quotes as of 11/18/2022, subject to market change)
· Loan Amount $500,000 * Max. seller credit 2.5% to cover the cost (including buydown rate)
Year 1 | Year 2 | Year 3, 4, 5, … | |
Interest Rate | 4.375% | 5.375% | 6.375% |
Mthly PMT | $2,496.43 | $2,799.86 | $3,119.35 |
Mthly PMT Saving | $622.92 | $319.49 | / |
· Loan amount < $150,000 (-0.500)
· Att-Condo w/term >15 Yr & LTV >75% – 80% (-0.750)
· 2-4 Units w/all terms & LTV≤80% (-1.000)
· Subordination CLTV<80% (-0.375) , CLTV≥80% (-1.250)
· High Balance LTV >60% – 75% (-0.750), >75% – 90% (-1.000)
· 45 day (-0.149), 60 day (-0.250)
· Eligible Account Source -Contributor is from only Seller/Builder. Other interest parties contributions depends on lender approval.
★Buydown cost depends on the total annual mortgage payment difference between the buy-down rate and note rate.
★Lender Fee same as the Agency Program.
Product detail pictures:
Related Product Guide:
While many lenders have limited their scope, we continue to expand our presence across various states, serving borrowers in 45 states, including some of the most dynamic markets like California and Texas. Our expansive reach allows us to understand and adapt to regional nuances, ensuring that our clients in different states receive localized support while still benefiting from our nationwide expertise. – AAA Lendings Temporary Buydown – AAA Lendings , The product will supply to all over the world, such as: Poland , Rome , Salt Lake City , Our company warmly invites domestic and overseas customers to come and negotiate business with us. Allow us to join hands to create a brilliant tomorrow! We've been looking forward to cooperating with you sincerely to achieve a win-win situation. We promise to try our best to deliver you with high quality and efficient services.

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