Builder Incentives
Unlock Better Homebuying Opportunities with Our Builder/Seller Buydown Program
In today's challenging housing market, builders and sellers face mounting pressure to close deals and keep homes moving. At First Team Lending, we understand the obstacles you face, and we’re here to help. Our Builder/Seller Buydown Program is designed to empower you with a powerful incentive for buyers: the ability to reduce their interest rate by a full 2 percent!
This innovative program isn’t just a game-changer for homebuyers; it’s a strategic tool for builders and sellers looking to stand out in a competitive market. Here’s how it works and why it’s the perfect solution for moving inventory and making homeownership more affordable.
What Is a 2-1 Buydown Program?
A 2-1 buydown program allows the seller or builder to provide financial concessions that are applied to the buyer’s mortgage payments, reducing their interest rate by 2% in the first year and 1% in the second year. By the third year, the buyer transitions to the standard fixed rate of the loan.
For example:
Year 1: If the fixed rate is 6%, the buyer pays only 4%.
Year 2: The buyer’s rate adjusts to 5%.
Year 3: The loan resumes the full fixed rate of 6%.
This structure offers significant savings upfront, making homeownership more attainable for buyers who may otherwise be hesitant due to rising rates or affordability concerns.
Why Builders and Sellers Love This Program
Increased Buyer Affordability: By lowering monthly payments in the critical first two years, buyers gain financial breathing room, making it easier to commit to purchasing a new home.
Faster Sales: Homes with interest rate incentives are more attractive to potential buyers, helping you move properties off the market more quickly.
Competitive Edge: Stand out from other builders or sellers by offering a benefit that directly addresses buyers’ concerns about high rates.
Exclusive Perks for Builders
In addition to the Builder/Seller Buydown Program, First Team Lending offers low-cost refinance options for your clients. Once their new home is complete, we can help them transition from a construction loan to a permanent mortgage with ease. Our refinance solutions are designed to save your buyers money while providing you with a seamless handoff.
By partnering with us, you’ll gain access to a team that’s dedicated to supporting your success every step of the way.
Why Partner with First Team Lending?
Personalized Service: We’re available when you need us, including weekends and late nights.
Fast Closings: Our streamlined process ensures that buyers are in their new homes without delays.
First-Time Buyer Incentives: Make homeownership dreams come true for a broader audience.
Expert Guidance: We specialize in providing tailored mortgage solutions, so your buyers feel confident every step of the way.
Let’s Close More Deals Together
If you’re a builder or seller looking to increase sales and provide exceptional value to your clients, it’s time to explore the benefits of our Builder/Seller Buydown Program. Contact First Team Lending today to learn how we can help you navigate today’s market challenges and drive success for your business.
Together, we can build more opportunities for buyers, sellers, and builders alike. Reach out to us now and let’s get started!