Back to School Sale
Save money now with our 2/1 Rate Buydown Event! Payments starting as low as $1,678!*
As kids are going Back to School and parents are getting back to normal life, we want to help our Visionary Homes buyers save money now! We are offering an exclusive 2/1 mortgage rate buydown on select Townhomes and Condos, saving buyers 2% on their mortgage rate in the first year, and 1% on the rate in the second year. This 2/1 mortgage is available to buyers in these communities that use our preferred lender First Colony Mortgage and close on a select multi-family home before the end of 2023.
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How does a 2/1 Mortgage Rate Buydown work?
As mortgage rates have climbed there are options to help people save money including a 2/1 mortgage rate buydown. With this type of mortgage, buyers lock into a current mortgage rate, but for the first year that rate is reduced by 2%, and in the second year the rate is reduced by 1%. Then beginning in the third year of the mortgage, the rate will be the original locked-in rate.
OR TOWNHOME EXAMPLE
There is an up-front cost for this program, but you are in luck. For buyers who qualify and purchase one of our select multi-family homes and finance with First Colony Mortgage, we will cover that upfront cost to save you money right away!
Check out our available communities in the Back to School | 2/1 Rate Buydown:
Northern Utah -
Wasatch Front -
St. George -
