When it comes to purchasing a new home, every dollar counts. That’s why Kiper Homes is dedicated to assisting homebuyers in maximizing their hard-earned money. As a leading provider of quality homes, Kiper Homes understands the significance of affordability and aims to empower buyers through innovative solutions. One solution Kiper Homes is offering is interest rate buydowns, which can significantly impact a buyer’s purchasing power!
At Kiper Homes, we partner with premier loan lenders to offer two general buydown programs: a 2/1 buydown on a 10-year adjustable-rate mortgage (ARM) and a permanent buydown on a 30-year fixed-rate mortgage. It’s worth exploring these options to understand how they can benefit you! The 2/1 buydown provides more significant short-term savings, while the permanent buydown offers savings over the entire life of the loan.
A 2/1 buydown on a 10-year ARM is enticing to many of our homebuyers because our program provides an upfront payment to reduce the mortgage loan temporarily. This results in significant savings, particularly in the early years of homeownership. For example, imagine you’re interested in a Kiper Homes property priced at $600,000. If Kiper Homes invests $20,000 in a 2/1 buydown, it can potentially lower the interest rate by 2% during the first year and 1% in the second year.
Kiper Homes also offers a permanent buydown option for a 30-year fixed-rate mortgage! With this program, an upfront payment reduces the interest rate on your mortgage loan permanently. While the immediate savings may not be as significant as with the 2/1 buydown, the advantage lies in the long-term savings over the loan’s entire life. By securing a lower interest rate from the start, you can enjoy consistent monthly savings, year after year. This helps homebuyers manage monthly budgets more effectively and frees up money that can go toward other financial goals, such as investing, retirement planning or even enhancing your new home.
In addition to the standard buydown programs, Kiper Homes also provides the option for split savings, allowing homebuyers to allocate a portion of the buydown money towards other options on their homes. This means that instead of solely focusing on reducing the interest rate, you can invest in customizing and enhancing your home. Whether selecting premium finishes or adding special features, this personalized approach empowers our homebuyers to create a home that reflects their personal style and preferences. It’s all part of our commitment to helping maximize your hard-earned money and create the home of your dreams.
Optimize your financial resources and secure a brighter future for yourself and your family by taking advantage of an interest-rate buydown with Kiper Homes. To explore the wide range of new home communities available, visit our New Homes Communities page. Stay updated on our Blog page for more helpful information and can’t-miss details about our current and upcoming communities.
**Please note that buyers must use a Kiper Homes preferred premier lender in order to qualify. Buyers must also qualify per lender guidelines. See sales agent for details.
