3-2-1 Buydown

Evolve Bank & Trust Mortgage is always focused on providing mortgage solutions that reflect the market that buyers are facing. 

Our goal is to help you reach your goals of homeownership. A 3-2-1 buydown mortgage is a type of loan that starts out with a low interest rate and rises over the next several years until it reaches its permanent rate. The interest rate is reduced by 3% in the first year, 2% in the second year, and 1% in the third year. For example, a 5% mortgage would charge just 2% in year one. After the buydown period ends, the lender will charge the full interest rate for the remainder of the mortgage. 

To get started, find an advisor near you.  

To learn more about other mortgage solutions, visit the products page.