Reduce Your Initial Mortgage Payment With a 1-0 Buydown
A 1-0 buydown can provide qualified borrowers with a temporary reduction in their mortgage interest rate during the first year of the loan. After the initial year, the mortgage transitions to the permanent note rate for the remainder of the loan term. This structure may help make the beginning of homeownership more manageable while giving borrowers time to adjust to their regular mortgage payment. Jennifer Moye at Barrett Financial Group can help you determine whether a 1-0 buydown may fit your financing goals.
A Temporary Payment Strategy for Homebuyers
A 1-0 buydown is designed to provide a lower initial payment without changing the permanent terms of the underlying mortgage. During the first year, the temporary rate reduction can lower the required mortgage payment compared with the payment at the permanent note rate. Once the first year ends, the payment adjusts to the regular amount based on the permanent mortgage terms. This can be useful for borrowers who want additional flexibility during the early stages of owning their home.
Understand the Full Cost and Structure of Your Loan
Before selecting a temporary buydown, it is important to understand both the initial benefit and the future payment obligation. The lower first-year payment is temporary, so borrowers should be comfortable with the permanent payment that follows. Jennifer Moye can walk you through the structure of a 1-0 buydown, explain how it interacts with your mortgage program, and help you evaluate the option in the context of your overall budget. Eligibility, availability, costs, and specific terms vary based on the loan program and borrower qualifications.
Benefits of Working With Us
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Personalized Mortgage Solutions
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Flexible Financing Options
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Clear Guidance Throughout the Process
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Trusted Service and Communication
Mortgage Guidance Built Around Your Goals
At Barrett Financial Group, the focus is on helping borrowers understand their financing choices and select an approach that supports their individual objectives. Jennifer Moye can help you review available mortgage options, compare payment structures, and understand what to expect throughout the loan process. Whether you are purchasing a new home or exploring ways to make your financing more manageable, professional guidance can help you approach your mortgage decision with greater clarity and confidence.
Why Choose Us
Choosing a mortgage professional who understands your financial circumstances can make the lending experience more straightforward. Jennifer Moye (NMLS #820151) with Barrett Financial Group is committed to providing personalized service, clear communication, and access to a broad range of mortgage solutions. Whether you are purchasing, refinancing, or exploring specialized financing, Jennifer works with borrowers to help them better understand their options and make informed decisions.
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Flexible Financing Options
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"FAQs"
Barrett Financial Group offers a broad selection of mortgage and financing solutions, including Conventional, FHA, VA, USDA, Jumbo, 1099, Bank Statement, DSCR, HELOC, Construction, Bridge, Fix and Flip, ITIN, Foreign National, Commercial, Land, and Reverse Mortgage Loans, along with several other specialized financing options
The right loan program depends on factors such as your income, credit profile, down payment, property type, financial goals, and whether you are purchasing or refinancing. Jennifer Moye (NMLS #820151) can review your circumstances and help you understand which available options may best fit your needs.
Yes. Barrett Financial Group offers several financing options for borrowers whose income may not fit a traditional W-2 structure. Depending on your circumstances, options may include 1099 Loans, Bank Statement Loans, Profit & Loss Loans, ITIN Loans, Asset Depletion Loans, and other specialized programs.
The first step is to discuss your goals and financial situation with Jennifer Moye. After reviewing your circumstances, she can help you understand potential loan options, required documentation, and the next steps in the application process. You can also begin through an easy and secure online loan application.
Jennifer Moye (NMLS #820151) is committed to providing personalized guidance, clear communication, and access to a diverse range of mortgage solutions through Barrett Financial Group. Whether you are buying a home, refinancing, or seeking specialized financing, she can help you navigate your available options and make informed decisions throughout the mortgage process.
Start Exploring Your Mortgage Options Today
Whether you are a freelancer, independent contractor, consultant, or another professional earning 1099 income, you do not have to navigate the mortgage process alone. Jennifer Moye (NMLS #820151) with Barrett Financial Group can help you understand your available financing options and determine which solutions may align with your goals. From your initial questions through the lending process, you can receive personalized support designed to help you move forward with confidence.
