3-2-1 temporary Buydown program

Purchase transactions only.

• Conventional
• FHA
• VA

640

Conventional: 3%-5% down payment (depending on the conventional loan product)

FHA: 3.5% down payment 

VA: 0% down payment

• Single family residence
• Plan Unit Development
• Townhome
• Condominium 
• 1-4 unit homes

Here's an example of how your payments will be affected using the temporary rate buydown.

The fee seller pays is equal to your annual savings for the three, two, or one year. 

 Loan Amount: $300,000 / Interest Rate: 5% / Principle and Interest Payment: $1,879

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YEAR         INTEREST RATE         PAYMENT         MONTHLY DIFFERENCE         ANNUAL SAVINGS
1                2% (5% - 3%)           $1,294             $1,879 - $1,294 = $585          $7,020
2               3% (5% - 2%)           $1,476             $1,879 - $1,476 = $403          $4,836
3               4% (5% - 1%)            $1,671              $1,879 - $1,671  = $208          $2,496

4-30        5%                             $1,879              $0                                             $0

BUYDOWN AMOUNT                                                                                                             $14,352

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No. Pre-payment penalty is not allowed on this loan. 

Maximum loan amount is Hawaii's conforming loan limit of $1,089,300

• Single family residence
• Plan Unit Development
• Townhome
• Condominium (max 70% LTV)
• Non-warrantable condominium (max 65% LTV)
• 2-4 unit homes
• Modular and rural homes

• Primary residence
• Second home