Kentucky Mortgage Lender

2-1 buydown Kentucky Mortgage Loans for FHA, VA, USDA, and Fannie Mae.  Temporary buydown of interest rate for Kentucky Mortgage Loans We are excited to announce our new Temporary Buydown Programs: Lower Rates & Payments = More Purchase Referrals for you! We’re here to help strengthen your professional relationships and increase your purchase business with our new temporary buydown programs. Connect with your builder and real estate agent partners to see how this incentive could give your borrowers access to temporary lower rates, monthly payments and increases their motivation to buy. They could also potentially save thousands of dollars in the first few years of their loan! See the rate benefits below and the attached Buydown Calculator for your use.    2% lower interest rate in the first year  1% lower interest rate in the second year 1-0 Temporary Buydown  1% lower interest rate in the first year A few important things to keep in mind:  Our buydown program is for t...

Kentucky homebuyers can start off strong with a lower monthly payment through the American Mortgage Solutions 2-1Temporary Buydown, offering a lower bought-down rate at the beginning of their loan.  This is a great option for borrowers who have excess seller concessions to use or expect an increase to their income over the next few years. 2-1 buydown - the effective rate is 2% lower in the first year and 1% lower in the second year. In the third year, the full note rate will apply. The borrower must qualify for the full monthly payment (before the buydown rate is applied) Seller concessions are deposited as a lumpsum into a buydown account. A portion of this sum is released each month to reduce the borrower’s monthly payment. Check out the example of potential savings through the American Mortgage Solutions 2-1 Temporary Buydown Have Questions or Need Expert Advice? Text, email, or call me below: Joel Lobb Mortgage Loan Officer Individual NMLS ID #57916 American Mortgage Solutions,...