What If the Seller Paid Your Mortgage?

What if the seller paid part of your mortgage payment for up to three years? A temporary mortgage buydown may reduce your initial interest rate and monthly payment, helping qualified buyers ease into homeownership while planning for future payment changes. Common options include 3-2-1, 2-1, and 1-0 structures. A 3-2-1 buydown generally reduces the rate by three percentage points in year one, two in year two, and one in year three. A 2-1 or 1-0 option may offer a shorter or smaller reduction. Exact terms, qualification requirements, and payment schedules vary by loan program. Seller concessions may be negotiated as part of an offer and used toward eligible closing costs or a temporary buydown, subject to lender and program limits. In the Las Vegas market, thoughtful deal structuring can help buyers balance affordability, competitiveness, and long-term financial goals. Gallegos Logan Group can help you compare scenarios, estimate future payments, and determine whether a seller-paid buydown fits your strategy. Visit www.GallegosLoganGroup.com to take the next step. This material is for educational purposes and is not a loan offer or guarantee of approval.