Colonial's 2-1 Buydown

Colonial’s 2-1 Buydown Program allows you to save BIG on your interest rate for the first two years.* Save 2% on the note rate for the first year, and 1% on the second year, potentially saving you thousands on your mortgage payment. Following the end of the second year, the rate will return to the full note rate for the remainder of the mortgage term.

Colonial's 2-1 Buydown-Example
The example above is based on a purchase price of $350,000, on a 30-year term, Conventional loan, with 20% down payment, Note rate 7% with an APR of 7.301%.** Taxes and insurance not included. Buydown funds may come from the seller or any approved third-party contributor.

Colonial's 2-1-Buydown Annual Savings

*Amount must be considered in seller contribution limits in accordance with investor guidelines. **Interest Rate and annual percentage rates (APRs) are hypothetical and based on a credit score of 740 at our current pricing as of 11/03/2022. Hypothetical scenarios are meant to be for informational purposes only. Rates and terms are subject to change based on property type, occupancy type, loan-to-value ratio, credit score and other variables. Rates and terms subject to change without notice. This is not a firm offer of credit, or a pre-approval. All applicants are assessed following a completed application. Colonial National Mortgage is a division of Colonial Savings, F.A. NMLS 401285