Financing options that may Lower Your Monthly Payment!
Interest rates as low as 4.875% the first year!*
Find Your Home*Some restrictions apply. See on-site agent for details.
What It Means
How a 2-1 Buydown Works
A 2-1 buydown works by using seller or builder contribution to buy down the interest rate by 2% during the first year of the loan and 1% during the second year of the loan. After the second year, the original interest rate applies for life of the loan.
The Details
2-1 Buydown Financing Example
Here’s an example of what your monthly payments would look like using this promotion.
- Purchase Price:
- $255,899
- Down Payment:
- $8,956 (3.5%)
- Total Loan Amount:
- $251,264
| FHA 30-Year Fixed | Year 1 | Year 2 | Years 3–30 |
|---|---|---|---|
| Loans Terms | |||
| Interest Rate | 4.875% | 5.875% | 6.875% |
| Annual Percentage Rate (APR) | 7.598% | 7.598% | 7.598% |
| Discount | 0.000 | 0.000 | 0.000 |
| Monthly Payment Breakdown | |||
| Principal & Interest Payment | $1,299.06 | $1,452.06 | $1,612.58 |
| Estimated Property Tax | $0.00 | $0.00 | $0.00 |
| Estimated Mortgage Insurance | $109.96 | $109.96 | $109.96 |
| Estimated Homeowners Insurance | $0.00 | $0.00 | $0.00 |
| Association Dues | $0.00 | $0.00 | $0.00 |
| Estimated Monthly Payment | $1,409.02 | $1,562.02 | $1,722.54 |
The Clock is Ticking
Act Before Time Runs Out!
To qualify, buyers must close in 2026. Don’t miss out!
Find Your Home
The interest rates and Annual Percentage Rates shown in these examples were effective as of 08/23/24. Buydown concessions and/or discount paid for by seller or builder. Payments based on 360 monthly payments, minimum 720 credit score, primary residence only. Estimated payments do not include hazard insurance (if applicable), fees and closing costs and may not include homeowners insurance and/or property taxes. Mortgage insurance estimate for conventional loans provided by Arch MI and not guaranteed. Actual payment obligation may be greater. Terms and closing cost may vary. FHA loan options may include upfront mortgage insurance in total loan amount and monthly mortgage insurance in monthly payment. VA loans may include funding fee in total loan amount. Additional financing and loan terms are available. Property Disclaimer: Price subject to change without notice. Borrowers have the option to work with a lender of choice and are not obligated to apply for financing with Ameris Bank. The broker, realtor, builder or third party referenced below is an independent third party and not affiliated with, or a subsidiary of, Ameris Bank. NMLS#408099