3-2-1 Buydown

Don't let interest rates hold you back from achieving your homeownership goals. Learn about how you can have Affordable Monthly Payments with our 3-2-1 Buydown Program. For a LIMITED-TIME, we are thrilled to offer an exclusive 3-2-1 Buydown. Interest rates as low as 4.5% exclusively with First Colony Mortgage made possible through a 3-2-1 buydown. This incentive is available on select homes. Please inquire with your sales professional for details. 

BUYDOWN SCENARIOS

The 3-2-1 buydown is a prepayment of interest on a mortgage for the first three years. The buydown rate is typically three percentage points lower during the first year, two percentage points lower during the second year, & one percentage point lower in the third year. Therefore, your payment will rise as the buydown funds are depleted.

Offer Details:

In order to qualify for the incentive, buyer must put 20% down and use First Colony Mortgage. Not all buyers qualify. Monthly payment is not inclusive of estimated taxes, insurance, PMI, and is based off 780+ FICO score. These loan estimates are not a substitute for the expertise that your First Colony Mortgage consultant offers. The figures shown represent monthly principal & interest payments only and do not include taxes and insurance. These are estimates only, not guaranteed payment amounts. Mortgage insurance is required on all conventional loans with a down payment of less than 20% & all FHA loans. Lender paid Mortgage Insurance results in a loan with a higher interest rate than one with other mortgage insurance options. Estimated payments & APR are based on 780+ FICO credit score. Loans are subject to credit approval.

See Sales Associate for details.