What is a Rate Buy Down?
A rate buy-down is a financial strategy in which a portion of the mortgage interest is paid upfront to secure a lower rate for the duration of the loan. This reduction can significantly lower monthly mortgage payments, making homeownership more affordable and accessible.
How Can a Rate Buy Down Help You?
You can buy more home and keep your payment the same or lower. And lower monthly payments mean more budget and flexibility for you. Use your savings for appliances, blinds or other options and upgrades. Or, with the savings from a lower interest rate, you can allocate funds to furnishings, DIY projects, or even your savings account, enhancing your financial freedom as a homeowner.
Explore Your Options and Calculate Your Savings
Secure Rate Buydowns at Every Stage with Jenuane Communities
Jenuane Covers the Cost: Unlike resale homes, where buyers often bear the cost, when using one of our preferred lenders, Jenuane Communities takes on the expense of rate buy-downs. This unique benefit ensures you enjoy lower interest rates without the upfront financial burden, making your transition into a new home smoother and more affordable.
4.99% (5.795% APR)*
FHA Loan
4.99% (5.795% APR)* FHA Loan - fixed rate - with a one-time float down if rates lower prior to closing. Limited Time only.
Quick Move-In
5.50% (5.648% APR)* Conventional Loan
5.50% (5.648% APR)* Conventional Loan - fixed rate - with a one-time float down if rates lower prior to closing. Limited Time only.
Quick Move-In
Use our Mortgage Calculator to instantly see how these options could affect your monthly payments, helping you make an informed decision tailored to your financial goals. For a deeper understanding and to explore how a rate buydown can significantly impact your monthly expenses, speak with one of our preferred lenders today. They're ready to guide you through your options and help tailor the best buydown strategy for your needs.
