Does Arvest offer a mortgage buydown option?

Home sellers or builders may be willing to negotiate a buydown arrangement through your mortgage provider, which means you as a buyer can enjoy significantly reduced monthly payments for the first two or three years of your mortgage.

Arvest offers two buydown loan options to help make homeownership more affordable for first-time buyers and others who want a lower monthly payment for the first few years of their mortgage.

The 3-2-1 Buydown

• Year 1: Original interest rate of the note is reduced by 3%.
• Year 2: Original interest rate is reduced by 2%.
• Year 3: Original interest rate is reduced by 1%.
• Year 4 plus all remaining payments: Original interest rate applies.

The 2-1 Buydown

• Year 1: Original interest rate of the note is reduced by 2%.
• Year 2: Original interest rate is reduced by 1%.
• Year 3 plus all remaining payments: Original interest rate applies.

Our lenders are available to assist you. If you have any questions, find a local lender or call (855) 287-7852 for more information!