We’re excited to introduce our 2-1 Buydown program, offering interest rates as low as 4.99%!
Unlock affordability with reduced interest rates for the first two years of your mortgage.
BUY NOW, SAVE LATER
Don’t let interest rates hold you back from achieving your homeownership goals! Ask us about affordable monthly payments. Now offering a 2-1 Buydown on all Biltmore Co. move-in ready homes!
HOW IT WORKS
The 2-1 Buydown is a prepayment of interest on a mortgage for the first two years. The buydown rate is typically:
- 2 percentage points lower during the first year
- 1 percentage point lower during the second year
Therefore, your payment will rise as the buydown funds are depleted.
* To qualify for the incentive, buyer must put 20% down, submit a full price offer and use Biltmore Co. LLC’s preferred lender, Movement Mortgage. Not all buyers qualify. Monthly payment is not inclusive of estimated taxes, insurance, PMI, and is based off a 780 + FICO score. The figures shown represent monthly principal & interest payments only and do not include taxes and insurance. These are estimates only, not guaranteed payment amounts. Mortgage insurance is required on all conventional loans with a down payment of less than 20% & all FHA loans. Lender paid Mortgage Insurance results in a loan with a higher interest rate than one with other mortgage insurance options. Estimated payments & APR are based on a 780 + FICO credit score. Loans are subject to credit approval.