FHA: 2-1 Buydown FHA program

2-1 Buydown FHA Program

This program is an FHA 30 year fixed program with a temporary decrease in rates for the first 2 years. The mortgage payments are pre-determined with the initial payment being calculated at a rate which is 2% below the final rate. The interest rate will increase 1% per year for the next 2 years and will remain at that final rate for the duration of the 30 year term.


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