Reduction in payment is the result of builder or seller concessions used to buy down the rate and are not guaranteed by NFM Lending. 5% down payment is the responsibility of the borrower. Available for fixed-rate conventional and VA. Maximum two-year buydown term available for USDA and FHA. Applies to new or existing home purchases only. Payment example does not include taxes and homeowner’s insurance and is an estimate; your actual payment will be higher. An annual and monthly mortgage insurance premium may be required and will vary depending on the loan characterization. Payments and rates may vary based on borrower’s credit score, actual closing costs and other variables. Depending on your situation, flood, property hazard, and mortgage insurance may be needed, which could increase the monthly payment and Annual Percentage Rate (APR). The results prepared by this Rate Buydown Calculator are hypothetical and may not be accurate or reflect current rates. The estimates generated by this Buydown Calculator is not a commitment to lend nor a pre-approval. Consult your licensed Loan Originator for full details.