December 11, 2023

How Can I Lower My Mortgage Rate in Boise?



Are you dreaming of owning a beautiful home in Boise, Idaho? As one of the fastest-growing cities in the United States, Boise has become a hotspot for those seeking an incredible quality of life in the midst of nature and culture. If you're considering buying a home in this vibrant city, you'll want to explore every option available to make your dream a reality.

At Tresidio Homes, we're excited to introduce you to a fantastic opportunity in collaboration with First Colony Mortgage that can help you make homeownership a reality. Let's dive into the benefits of a 3-2-1 buydown and how it can work to your advantage in today's Boise real estate market.

What is a 3-2-1 Buydown?

A 3-2-1 buydown is a unique financial strategy designed to make homeownership more accessible. It's a financing arrangement that lowers your initial mortgage interest rate for the first three years, allowing you to enjoy lower monthly payments during this period. This temporary relief can be a game-changer for anyone looking to purchase a home, especially in a competitive market like Boise.

Here's how it works:

  • Year 1: Your interest rate is reduced by 3%.
  • Year 2: Your interest rate is reduced by 2%.
  • Year 3: Your interest rate is reduced by 1%.
  • Year 4 and Beyond: Your interest rate remains fixed at the original rate.


  1. Lower Initial Payments: A 3-2-1 buydown reduces your monthly mortgage payments during the first three years, which can be incredibly helpful for budget-conscious buyers. It gives you time to adjust to your new financial responsibilities and settle into your dream home without feeling overwhelmed.
  2. Increased Buying Power: With lower initial payments, you may qualify for a larger loan amount. This means you can explore a wider range of homes and potentially find one that better suits your needs and desires.
  3. Flexibility: The buydown option provides you with financial flexibility and time to adjust to your new financial commitments. It can be particularly beneficial if you're making a transition like moving to a new city or starting a new job.

How to Take Advantage of a 3-2-1 Buydown

To benefit from a 3-2-1 buydown in Boise, you'll want to work with a trusted mortgage lender like First Colony Mortgage. They can guide you through the application process and help you determine if this option aligns with your financial goals.

Tresidio Homes has a longstanding partnership with First Colony Mortgage, and we can connect you with them to explore this exciting opportunity.

With the 3-2-1 buydown program, your dream of owning a home in Boise can become a reality. Lower initial payments, increased buying power, and a competitive edge in the market make this financing option a smart choice for prospective homeowners. When combined with the quality and craftsmanship of Tresidio Homes, your dream home in Boise is closer than you think.

To learn more about the 3-2-1 buydown program and to explore our available homes in Boise, visit