Temporary Mortgage Buydown Program with NOLA Lending Group

At NOLA Lending Group, we understand that buying a home is a big commitment. Our Temporary Mortgage Buydown Program is designed to help ease your financial burden in the early years of your mortgage loan. By temporarily reducing your interest rate, you can enjoy lower monthly payments and save on total interest over the life of your mortgage. This program is an ideal solution for homeowners who want to transition into their full mortgage payment with greater ease.

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What is a Temporary Buydown Program?

A temporary buydown is a type of mortgage loan where the interest rate is reduced for a set period—typically the first one to three years. After the temporary reduction period ends, you will revert to your full mortgage payment based on your original interest rate. This flexible option can be tailored to your financial situation and provide immediate relief in the early years of homeownership.

Benefits of the Temporary Buydown Program

• Lower Monthly Payments: Enjoy reduced monthly payments during the temporary rate reduction period, helping you ease into your full mortgage payment.
• Less Total Interest: By lowering your interest rate temporarily, you can save money on the total interest paid over the life of your mortgage, compared to a traditional fixed-rate loan.
• Flexible Home Financing: Our temporary buydown options provide you with flexibility, allowing you to tailor your mortgage to meet your financial goals.

Types of Temporary Buydown Programs

1-0 (1 year)

• Year 1: Interest rate is reduced by 1%
• Year 2 & Beyond: Full Note rate

2-1 (2 years)

• Year 1: Interest rate is reduced by 2%
• Year 2: Interest rate is reduced by 1%
• Year 3: Full Note rate

1-1 (2 years)

• Year 1 & 2: Interest rate is reduced by 1%
• Year 3 & Beyond: Full Note rate

3-2-1 (3 years)

• Year 1: Interest rate is reduced by 3%
• Year 2: Interest rate is reduced by 2%
• Year 3: Interest rate is reduced by 1%

Year 4 & Beyond

• Full Note rate

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LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK

Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms and interest rates are subject to change without notice and may only be available in select markets.