Making Homeownership More Accessible

In today’s market, buyers are feeling the squeeze—whether from rising home prices, increased competition, or higher interest rates. But there’s a smart solution many don’t know about that could make a huge difference in your monthly payments: a mortgage buydown. At The Coley Group, we’re helping clients take advantage of buydown programs through our preferred lender so they can move into their dream homes sooner—with more financial confidence.

If you’re a first-time buyer, moving up into a larger home, or relocating to the Raleigh area, here’s how a buydown might be your key to unlocking the best of Raleigh—at a better rate.

What Is a Mortgage Buydown?

A mortgage buydown is a financing option where your interest rate is temporarily reduced for the first few years of the loan. With a 2-1 buydown, for example, your interest rate is 2% lower in the first year, and 1% lower in the second, before it returns to the full rate in year three.

This strategy lowers your monthly mortgage payments during the initial years—when cash flow tends to matter most. Think of it as a financial “jumpstart” to help you settle in without the financial strain.

How a Buydown Can Help You Save

Let’s break it down with a real-life example.

Imagine you’re purchasing a home priced at $799,000. With a 20% down payment, your loan would be around $639,000. At today’s market rate of 6.815%, that monthly payment might feel a little high.

But with a 2-1 buydown, your interest rate is temporarily reduced, giving you meaningful savings in the first two years of your loan.

Year 1:

• Interest rate drops to 4.815%
  
• Monthly savings: $811
  
• Annual savings: $9,737

Year 2:

• Interest rate increases slightly to 5.815%
  
• Monthly savings: $415
  
• Annual savings: $4,987

Total Savings in Two Years: $14,725

These savings aren’t just nice to have—they directly affect your buying power. In fact, thanks to the buydown, your monthly payment in the first year is equivalent to that of a $680,000 home.

That’s a difference of $119,000 in buying power—all while you’re still purchasing a home at nearly $800,000.

Who Can Benefit from a Buydown?

Buydowns are especially helpful for:

• First-time homebuyers: Stretch your budget without stretching your limits.
  
• Move-up buyers: Transition into a larger home while keeping early-year costs manageable.
  
• Relocating buyers: Ease into a new market with more flexibility and peace of mind.
  

When paired with a trusted team like The Coley Group and our preferred lending partner, you get access to options designed to make your transition smoother, smarter, and more affordable.

Why Work With The Coley Group?

At The Coley Group, we’re not just selling homes—we’re helping you make smart, life-changing investments. Our exclusive partnerships, like the one we have with CrossCountry Mortgage, give our clients access to special incentives and financial tools like buydowns.

We take the time to educate and empower buyers, so you feel confident in every step. From understanding how a buydown fits your budget to negotiating the best terms, we’re here to show you Raleigh’s best—and help you afford it.

Ready to Take Advantage of a Buydown?

If you’re ready to buy now but feel limited by today’s interest rates, a mortgage buydown might be the solution you’ve been waiting for. And with the right team behind you, that dream home could be closer than you think.

Let’s connect—our experts are ready to help you explore your options, understand the numbers, and start your next chapter in Raleigh with confidence.

Contact The Coley Group to schedule a consultation or get pre-approved with our preferred lender.