1-0 buydowns, VantageScore options, and fast pre-approvals available to Gulf Coast realtors through Redmond Mortgage.
1-0 buydowns, VantageScore options, and fast pre-approvals available to Gulf Coast realtors through Redmond Mortgage.
Partner Resources
Through your partnership with , this week’s partner brief zeroes in on one lever that keeps Gulf Coast offers alive when payment sticker-shock is the blocker: the 1-0 temporary buydown.
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A 1-0 temporary buydown drops the buyer’s note rate by one percentage point in year one, then steps back to the permanent note rate for the rest of the loan. The subsidy can be funded by the seller, builder, or a lender credit — so you can keep list price firm while still solving payment sticker-shock on Orange Beach and Florida Gulf Coast inventory.
Before you write, send us the purchase price, estimated rate, and who might pay the credit. We’ll return the exact dollar amount needed for a 1-0, a side-by-side year-one vs. permanent payment, and clean offer language your listing agent can understand. That keeps the conversation on net proceeds and closing certainty — not on whether the loan will actually fund.
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