The 3-2-1 temporary buydown is a fantastic opportunity for potential home buyers looking to purchase their first home, a new primary residence, or a vacation home. This program allows buyers to negotiate with the seller to have a portion of the interest paid for during the first three years of ownership.

With the help of a skilled realtor, buyers can negotiate to have the seller cover 3% of the interest in the first year, 2% in the second year, and 1% in the third year. This can be significant savings for buyers and make homeownership more accessible.

After the first three years, buyers will return to their normal interest rate. However, if market conditions improve during the first three years, buyers have the option to refinance without penalty.

One of the best aspects of the 3-2-1 temporary buydown is that buyers can take advantage of this opportunity without paying any additional fees. This makes it a win-win for both the buyer and the seller.

Overall, the 3-2-1 temporary buydown is a fantastic option for those looking to purchase a new home. With the help of a good realtor, buyers can negotiate for seller credits to cover a portion of their interest during the first three years of ownership. This can make homeownership more affordable and allow buyers to take advantage of the program without paying any additional fees.