2-1 Buydown Loans in Phoenix AZLower Your Payment for the First Two Years
Want a lower payment for the first couple years of your mortgage? A 2-1 buydown drops your effective rate by 2 percent in year one and 1 percent in year two before settling at the full rate in year three. Builders and sellers often pay for the buydown to make a deal work.
- 10+ Years Experience
- License NMLS# 1455718
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
When You Need 2-1 Buydown Loans
2-1 buydowns make sense when you want a lower payment now to ease into a home, when builders or sellers are offering buydown credits as part of negotiations, or when you expect your income to rise in the next couple of years. The buyer's rate is fully covered for the first two years, then adjusts to the contracted rate. Some buyers use the savings to make extra principal payments, others just enjoy the lower bill.
Our 2-1 Buydown Loans Process
Here's how we close your 2-1 buydown. Call or text me with the property details and whether the seller or builder is offering to pay the buydown. I'll calculate the savings and quote you the loan with the buydown built in. Pre-approval same-day in most cases. Most 2-1 buydown loans close in 25 to 35 days.
2-1 Buydown Loans Cost in Phoenix
The 2-1 buydown has an upfront cost equal to the interest savings in years one and two. That cost is usually paid by the seller or builder as a concession, not by the buyer. If you pay for it yourself, the math depends on how long you'll stay in the home. I'll show you both scenarios.
Why Choose Us
Buydowns are a creative tool that not every broker uses well. I structure them to maximize the benefit to you. Ten years in the business and 50-plus five-star reviews. Same-day response on every call and text.
Ready to Get Started?
Want a 2-1 buydown? Call or text Mark at (480) 690-9790 today.
For more buyer-friendly programs, see all of our Purchase options in Phoenix.
Reviewed by
Mark Fazio — Licensed Mortgage Loan Officer
NMLS #1455718 · Barrett Financial Group (NMLS #181106) · Phoenix, AZ
Mark Fazio is a licensed Phoenix mortgage broker with 10+ years of experience and over 1,000 home loans closed. He shops dozens of lenders to find the lowest rate on purchase, refinance, and specialty loans, and personally guides every client from the first call through closing.