Introducing Temporary Buydowns on Manufactured Homes and HomeReady Program

Brokers Conventional Loans
April 03, 2024
Introducing Temporary Buydowns on Manufactured Homes and HomeReady Program

At A&D Mortgage, the best mortgage lender, we understand that the journey to homeownership can be filled with challenges, especially when it comes to finding affordable financing options. That’s why we’re thrilled to announce our latest effort to make homeownership more accessible to everyone: the introduction of Temporary Buydown options for Fannie Mae’s Manufactured Homes and HomeReady programs.

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A&D Mortgage offers:

  • 3-2-1 buydown. A buydown of 3% in the first year, 2% in the second year, 1% in the third year, then back to the original locked rate in the fourth year for the duration of the term.
  • 2-1 buydown. A buydown of 2% in the first year and 1% in the second year, then back to the original locked rate in the third year for the duration of the term.

These new options are designed to help reduce the financial barriers to homeownership. It allows borrowers to benefit from lower monthly payments during the initial years of their mortgage. This is especially good news for first-time homebuyers and those looking into manufactured home options, offering a more feasible path to owning a home.

Whether your clients are first-time buyers or someone considering a manufactured home, these new Temporary Buydown options provide a golden opportunity to achieve their homeownership dreams with less financial stress. Dive into the details on our website and discover how we’re working to make the dream of owning a home a reality for more people.

Brokers Conventional Loans