A loan on which the interest rate has been “bought down” for a temporary period of time at the beginning of the loan by escrowing funds at the time of closing, which can be applied to the total monthly mortgage payment as each becomes due.
Disclaimer
This is not a loan commitment or guarantee of any kind. Terms and conditions apply.
Subject to borrower and property qualifications. Not all applicants will qualify. Rates and
terms are subject to change without notice.
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