General World News

CBC Mortgage Agency offers temporary rate buydowns on FHA loans

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans.

The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program.

“The addition of a 2-1 and a 1-0 buydown feature is CBC Mortgage Agency’s continued response to the ongoing effect of the higher interest rates,” said Cari Zwick, CBC Mortgage Agency’s national program director. 

“We’ve had a lot of requests for a buydown feature, and we hope details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com