At Paran Homes, we understand the excitement of buying a new home—and the financial considerations that come with it. That’s why we’ve partnered with Homeowners Financial Group, our trusted lender, to introduce a new promotion designed to make your transition into homeownership smoother and more affordable. With our 2-1 Temporary Buydown, you can enjoy significantly lower mortgage payments for the first two years in your new home.

What Is a 2-1 Temporary Buydown?

A 2-1 Temporary Buydown is a financing strategy where funds are set aside at closing in an escrow account, temporarily reducing your effective interest rate and lowering your monthly mortgage payment. For example, on a home priced at $499,900 with a $399,920 loan amount (20% down) and a 5.875% interest rate (6.218% APR1)*, this buydown could save you thousands of dollars in the first two years!

By partnering with Homeowners Financial Group, Paran Homes funds the escrow account, allowing you to reap the benefits of lower payments upfront, freeing up your budget for other priorities during your first years in your new home.

Why Is a Temporary Buydown Beneficial?

This type of buydown offers a unique advantage: it provides immediate relief on your mortgage payments, giving you the flexibility to adjust to your new financial responsibilities without the full burden of standard monthly payments right away. It’s especially beneficial for new homeowners who are getting settled, furnishing their homes, or managing moving expenses. With lower payments initially, you can enjoy your new space without financial stress. Plus, utilizing this kind of financing can allow extra time for you to consider refinancing your loan for a better rate in the future!

Ready to Get Started?

There’s no better time to take advantage of this limited-time offer! This promotion is available for homes that are under contract and closed between August 30, 2024, and October 31, 2024. Don’t miss your chance to make your dream of homeownership a reality with reduced mortgage payments, thanks to Paran Homes and Homeowners Financial Group.

Call us today to learn more about how you can benefit from this fantastic opportunity!

1Annual Percentage Rate (APR) current as of current as of 8/20/2024 is subject to change daily without notice, and assumes a minimum FICO score of 740 and a maximum debt-to-income ratio of 45% on a single-family residence. Call for current rates. 2The default payment calculations above are based on a 20% down payment for a conventional 30-year-fixed rate amortization. Payments listed do not include property taxes, insurance, or mortgage insurance. Rates shown here are arbitrary and do not constitute an advertisement or offer to lend. See onsite agent for details, may not be combined with any other offer. Promotion Dates: Under Contract and close between 8/30/2024 and 10/31/2024