Make Your Move Easier with a 2-1 Rate Buydown
At Temple View Commons, we want your first steps into homeownership to feel effortless. That’s why we’re offering up to a $10,000 builder-paid 2-1 temporary buydown when you finance with our preferred lender.
With no extra cost to you, this program gives you lower payments in the first two years while you settle into your new home, and a predictable fixed rate for the life of your loan after year two. This is Cedar City housing made simple, so you can start enjoying your new home with confidence and ease. It’s just one of the things that makes TempleView Commons beyond compare.
This is Cedar City housing made simple, so you can start enjoying your new home with confidence and ease. It’s just one of the things that makes TempleView Commons beyond compare.
How it Works
Purchase any of our homes at list price and receive a builder incentive applied toward a 2-1 temporary buydown.
Example
Sales price: $389,900
Down payment: 5% ($19,495)
Loan amount: $370,405
Loan type: 30-year fixed conventional
Note rate: 6.25%
Rate
4.25%
5.25%
6.25%
Year
1
2
3-30
Payment
$1,823
$2,046
$2,280
Savings
$457/mo
$234/mo
–
Are you ready for lower payments?
*Offer valid on select homes. Not all buyers will qualify. The above is a P&I example only and does not include taxes, insurance or any other monthly costs and is meant to show potential monthly payment savings for 24 months with 2-1 temp buydown. Mortgage Loans are subject to credit approval. Other fees may apply. Special offer is available only on new mortgage loans for a primary residence with a fixed interest rate, conforming mortgage up to $425,000. The 2-1 buydown must be selected in the sales contract’s additional terms stating seller will pay the cost. A Buydown Agreement must be signed by the borrower, seller, and lender. Check with preferred mortgage lender for details. Additional terms and conditions may apply. Offer, terms, rates and products subject to change at any time with or without notice.