Get a Mortgage Rate Starting in the 4% to 5% Range (First Year)
With today’s Mortgage Rates around 6.5%, monthly payments can be unaffordable. The 911HOOT 2/1 Mortgage Rate BuyDown Program can lower monthly payments and help you qualify for a mortgage.
TEMPORARY BUYDOWNS ease you into homeownership with lower initial payments. They are mortgage financing tools that reduce your interest rate for a limited time at the beginning of the loan term, usually the first 1–2 years. The reduced rate lowers your monthly mortgage payments temporarily, making the loan more affordable during those initial years.