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Temporary Buydowns in Austin – Lower Your Mortgage Payments from Day One

Secure your dream home in Austin's competitive market with payment relief from day one through LendFriend Mortgage's buydown programs. This financing solution reduces your interest rate during the critical first years of homeownership, putting high-demand neighborhoods like Mueller, Downtown, and South Congress within reach. Get into your new Austin home with manageable payments while still building equity immediately.

How LendFriend's Buydown Programs Save You Money

LendFriend's buydown options are strategic investments that free up thousands of dollars during your initial years of homeownership. The money saved each month can be directed toward furnishings, emergency funds, or other financial priorities while you enjoy life in premium locations like Zilker Park or Barton Hills. Unlike temporary incentives, our buydown programs provide lasting value by establishing you in appreciating neighborhoods while your income grows to match your long-term payment schedule.

2-1 Buydown – Reduced Rate for the First Two Years

With our 2-1 buydown, your interest rate is reduced by 2% in the first year and 1% in the second year. On a 6.5% fixed-rate mortgage, you'll pay only 4.5% interest in year one and 5.5% in year two, before returning to the note rate in year three.

3-2-1 Buydown – Step-Down Rates for Long-Term Relief

The 3-2-1 buydown provides a three-year graduated reduction: 3% lower the first year, 2% the second year, and 1% the third year. This extended relief is ideal for buyers expecting income growth or wanting to maximize initial savings.

Exclusive Benefits for LendFriend Borrowers

LendFriend Mortgage offers unique advantages that make homebuying smoother and more affordable throughout the Austin area. Our client-focused approach ensures exceptional terms whether you're buying near Zilker Park or in East Austin's emerging neighborhoods.

Competitive Fee Structure with Loyalty Benefits

LendFriend offers a competitive fee structure with zero lender fees for repeat clients on subsequent transactions. First responders and teachers automatically receive fee waivers on their first transaction. This approach saves you thousands in costs over time as you build your real estate portfolio, whether near downtown by the Texas State Capitol or in Westlake Hills.

22-Day Closings Guaranteed

LendFriend guarantees closings in just 22 days or less, while many Austin lenders take 30-45 days. Depending on your situation, we can even close your loan in as little as 10 business days.This speed gives you a competitive edge in Austin's fast-moving market, especially in sought-after areas near Domain or Barton Springs.

Expert Support Available Every Day

Our mortgage experts are available seven days a week, 365 days a year to guide you through the buydown loan process. You'll never wait days for answers or updates on your loan progress.

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Financial Relief for First-Time and Strategic Buyers

Buydown loans provide crucial financial flexibility for various Austin homebuyers, from young professionals to growing families seeking homes near Apple's new campus or in Circle C Ranch.

More Affordable Entry Into Homeownership

First-time homebuyers benefit from the lower initial financial burden of mortgage payments. This creates a smoother transition from renting to owning, especially in appreciating areas like East Austin.

Increased Approval Confidence with Lower Initial Payments

Lower initial payments may help you qualify for a larger loan amount or better terms. This expanded purchasing power opens doors to neighborhoods that might otherwise be out of reach, from Highland to South Lamar.

Apply Now: Get Pre-Approved in Just 7 Minutes

Complete our streamlined online application in just 7 minutes to lower your Austin mortgage payments today. Our local experts are standing by to provide personalized support tailored to your neighborhood and financial goals. Secure current buydown rates now and take your first step toward affordable homeownership.
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Frequently Asked Questions

Can I combine a buydown with other buyer assistance programs?

Yes, buydown loans can often be combined with down payment assistance and other homebuyer incentives available in Austin. Our mortgage experts will help determine which combinations work best for your situation.

What happens to my rate after the buydown period ends?

After the buydown period, your interest rate returns to the original note rate established at closing. This rate remains fixed for the remainder of your loan term if you have a fixed-rate mortgage.

Is the buydown cost covered by the seller or included in my loan?

Buydown costs can be paid by you as the buyer, by the seller as a concession, or by a home builder as an incentive. In Austin's market, many sellers in premium locations are willing to contribute to buydown costs to attract buyers.