Making Home Ownership More Accessible

Melissa Nichols
MortgageWorks
Published in
Apr 24, 2024

Buydowns aren’t just about saving money — they can also make homeownership more accessible for buyers who might not otherwise qualify for a loan. By lowering the initial monthly payments, buydowns can help buyers stay within their debt-to-income ratio requirements and secure financing. And for sellers, offering a buydown can be a smart way to attract more buyers and close the deal faster.

To see how buydowns can work in the real world, let’s take a look at a case study from the Coachella Valley. This single-family home had been sitting on the market for 66 days with no bites. It was a 4 bed, 3 bath property with 2,200 square feet, listed at $629,000.

Would you like to read more? Please visit our blog- https://www.mwloan.com/blog/maximize-your-home-purchase-with-real-estate-buydowns
Or give us a call: (760) 883–5700

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