Should I Put Off Buying a Home Until Rates Drop?

It’s no secret that interest rates have been floating in the six to seven percent range, and you might be seeing a lot of scary-sounding headlines about the market.

At the same time, your family might be outgrowing your current two-bedroom home, or you might be a long-time renter tired of sharing walls with noisy neighbors. The kids might have flown the nest and you don’t want to have to clean all that extra square footage you don’t need anymore.

Buying a home seems like the next right step in those scenarios, but you might be wondering, is now really a good time to buy?

Ultimately, it’s up to YOU to decide when the best time for YOU to buy is.

When you’re ready to pursue homeownership or move, higher interest rates don’t have to deter you. You have options, one of which is our Buydown Program.

What’s a Buydown?

Our Buydown Program for Conventional and FHA Fixed-Rate Mortgages allows for a temporary initial reduction to your rate for a certain amount of time at the beginning of the loan term. We offer 3/2/1, 2/1 or 1/1 buydowns to help you buy despite higher rates.

For example, let’s say your loan is locked at 6% and you qualify at the start rate of 6%. With a 3/2/1 buydown, the rate would be 3% for the first year, 4% for the second and 5% for the third. With a 2/1 buydown, the rate would be reduced for the first two years at 4% for the first year and 5% for the second year. A 1/1 allows for a reduced rate for the first year only.

Bottom line: You can still confidently make a home purchase and secure lower interest rates up front. Plus, when your buydown is up, you can choose to refinance if rates have lowered. Sounds like a win-win, right?

You don’t have to rely on fluctuating rates or experts telling you when the best time to buy is. You can go at your own pace and choose to buy when the time is right for you and your family.

Whether that time is now or next year, our knowledgeable loan officers will be here to walk you through every step. We’ll examine your unique financial situation and find the best financing available for you.

Ready to take the next step? Scroll down to get preapproved today.

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NQM Funding, LLC (NMLS # 75597) dba - Premier Mortgage Associates; Villa Home Loans; Texas: Consumers wishing to file a complaint against a mortgage company or a licensed residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at -