JET Advantage Mortgage
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1-0 and 2-1 Buydowns!

On FNMA, VA, FHA, and JET DPA Loans

High Balance and FNMA HomeReady Available!

Reach more clients with our 1-0 and 2-1 Buydown!

On VA, FNMA, FHA*, and JET DPA Loans

High Balance and FNMA HomeReady available

Take advantage of our 2-1 Buydown Program to help clients with a reduced rate for the first two years of their loan. For a 1-0 Buydown the borrower enjoys a 1% reduction only on the first year. Good on VA, FNMA, FHA and JET DPA loans!

This is a great incentive for buyers to enjoy a temporary rate reduction on their interest rate all while getting into the home they want. Talk with your AE about this program.

Program Highlights

  • 30 year Fixed Rate Mortgages
  • Primary Residences only
  • Single Family Residences, PUD and Condos
  • FNMA, VA, FHA and JET DPA 100 Loans
  • High Balance available, except on JET DPA 100
  • FNMA HomeReady option available
  • Purchase Transactions only
  • Term: 24 months (2-1)
  • Term: 12 months (1-0), not available on JET DPA loans
  • Borrower(s) are Qualified off Note Rate not buydown rate
  • Buydown cost is paid by Seller/Builder concessions
  • Seller Concessions are different by loan program, check your matrix or speak with your Account Executive.

Take advantage of offering this 2-1 and 1-0 Buydown program to your clients! Restrictions apply so contact your Account Executive for more details

Temporary Buydown Calculator

Available to assist in understanding the buydown monthly payment for our buydown programs.

Please contact your Account Executive for more information.
Buydown Calculator

How does a Buydown work?

Pretty simple. For a 2-1 Buydown for example, the borrower enjoys a reduced interest rate for the first year of the loan and a slightly higher rate for the second year. The rate then goes up to the full rate on the third year for the life of the loan. For a 1-0 Buydown the borrower enjoys a 1% reduction only on the first year. 
 
A seller can pay for the buydown. The payment is made in the form of mortgage points or a lump sum in escrow account and used to subsidize the borrower’s reduced monthly payments.

What are the benefits of a Buydown?

It may help some borrowers afford a larger mortgage and more expensive home. Plus it buys them some time before their mortgage payments rise to the full rate which can help if their income is also rising from year to year.
 
Your advantage is that it helps you provide an incentive to more borrowers who may not have thought about using this program. Thus, reaching more clients. Its a win-win!

How to get started with a Buydown?

If you are an approved Broker with Jet Advantage Mortgage, contact your Account Executive.

If you aren’t yet approved, get approved: GET APPROVED

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