BLUE DIAMOND FINANCE INCENTIVE
YOU CHOOSE the seller paid option that works for you!
OPTION 1: 2-1 BUYDOWN
The 2-1 buydown is a prepayment of interest on a mortgage for the first two years. The buydown rate is typically two percentage points lower during the first year & one percentage point lower in the second year. Therefore, your payment will rise as the buydown funds are depleted. Scenario is based on a $485,000 purchase price and 5% down payment with a loan amount of $460,750. Loan is a 30-year fixed rate conventional mortgage. Total cost for buydown is $9,943 in this scenario. Conventional loan program terms and conditions apply. Offer expires 8/31/2022.
OPTION 2: FIXED RATE BUYDOWN
1.5% Rate Buydown lowers rate from 5.5% to 4.875%. Scenario is based on a $485,000 purchase price and 5% down payment with a loan amount of $460,750. Loan is a 30-year fixed rate conventional mortgage. Total cost for buydown is $7,275 in this scenario. Conventional loan program terms and conditions apply. Offer expires 8/31/2022.
OPTION 3: SELLER PAID CLOSING COSTS
The seller contribution varies by community. Seller Paid Closing Costs can NOT go towards Down Payment. Offer expires 8/31/2022.
