2/1 Temporary Buydown

Make Homeownership More Affordable

About the 2/1 Temporary Buydown Program

eLEND’s 2/1 Temporary Buydown Program enables a portion of the borrower’s monthly Principal and Interest payment to be subsidized with a Seller credit and decrease their monthly payment for the first two years. The temporarily decreased payment allows borrowers to free up cash-flow for moving expenses and or other transitional expenses.

I want to...

Apply Now

Choose this if you want to apply for a mortgage.

For more information, use our mortgage education center or read details on our loan programs.

Choose this to get your mortgage rate.

This only takes a couple minutes! You can even scan a picture of another estimate and we'll generate a comparison.

Benefits of the 2/1 Temporary Buydown Program

  • Significant monthly savings for the first two years, increasing the borrower’s financial flexibility.
  • Great way for borrower to use any excess seller concessions.
  • Option for sellers to assist marketing a property without affecting the sales price.
  • Assists real estate agents and sellers by providing an additional negotiation option and may allow more of their offers to be accepted.


How Does the 2/1 Temporary Buydown Program Work?

  • The purchase contract and/or addendum must reflect the total amount of seller credits and that the seller’s concession can be applied toward a Temporary Interest Rate Buydown and additional closing costs.
  • The Seller and Borrower sign a Buydown Agreement at the time of loan submission and then a final agreement will be signed at closing.
  • AFR provides a Temporary Buydown Calculator to assist when completing the Buydown Agreement.


How Do I Qualify for the 2/1 Temporary Buydown Program?

Qualification requirements may vary depending on the loan program used, but will be based on several factors including:

  • Home must be used as your primary residence
  • Program is available for fixed rate, 30-year terms only
  • Acceptable credit history and score

We understand how difficult it can be to achieve home financing. That’s why we these developed educational tools to help aid in your understanding of the mortgage process: