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FAIRWAY’S BUDGET BOOSTER

HALF A POINT.
A LITTLE MORE
BREATHING ROOM.

A new home comes with a lot of firsts. Start your first year with a lighter payment, with a temporary buydown funded by Fairway.

See what it could mean for you
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First-year benefit. Full payment after 12 months.
Eligibility and current availability must be confirmed.

A FIRST-YEAR HEAD START
0.5%
TEMPORARY BUYDOWN

A half-percentage-point reduction in the
first-year payment calculation.

Months 1–12A lower payment
Month 13 onwardFull note-rate payment
Buydown funded by Fairway Home Mortgage
Lender-funded benefit12 months of lower paymentsA plan for the payment afterward
THE SIMPLE VERSION

LESS UP FRONT EACH MONTH.
NOT A DIFFERENT LOAN.

Your loan’s note rate stays the same. Fairway’s buydown funds help cover part of your payment during year one.

01

Find your comfortable payment.

You qualify at the full note-rate payment. Start with a home and a long-term payment that fit your budget.

02

Get a first-year boost.

For 12 months, your portion of principal and interest is calculated using a rate 0.50 percentage points lower.

03

Know what comes next.

In month 13, you take over the full note-rate payment. No guessing—and no need to count on a refinance.

LET’S PUT SOME NUMBERS TO IT

A SMALL CHANGE.
A REAL-LIFE DIFFERENCE.

Try a loan amount below.
No personal information needed.

YOUR HYPOTHETICAL SCENARIO30-year fixed
$
$100,000$1,500,000
Illustrative only—not a rate quote
%

The loan term is 360 months. The temporary benefit applies to the first 12 payments only.

ESTIMATED PRINCIPAL & INTEREST ONLY
First 12 monthsPayment calculated at 6.00%
$2,398.20per month
Months 13–360Full 6.50% note-rate payment
$2,528.27per month
FIRST-YEAR MONTHLY DIFFERENCE$130.07/mo
OVER 12 MONTHS$1,560.84

Your payment increases by $130.07/month after year one in this example.

Educational estimates, not an offer, quote, prequalification, or commitment to lend. Assumes a fully amortizing 30-year fixed-rate loan and a 0.5/0 temporary buydown. Excludes property taxes, homeowners insurance, mortgage insurance, HOA dues, and closing costs; your actual payment will be higher. The example interest rate is not an APR; APR depends on fees and other loan terms. Payments are rounded to cents. Actual savings, pricing, and eligibility vary.

YOUR NUMBERS. YOUR NEXT STEP.

LET’S SEE WHAT
FITS YOUR LIFE.

No pressure. Just a conversation about your budget, your goals, and the options that make sense.

Darrin WadeArea Manager · NMLS #277275Meet Darrin
Text Darrin for more info970-201-0660

Have Darrin’s team reach out.

We’ll include the example you explored above.

Your contact details and example are saved privately for follow-up. Please don’t include financial account details. How your information is used.

A simple inquiry. Not a mortgage application.

GOOD QUESTIONS. STRAIGHT ANSWERS.

LET’S CLEAR
A FEW THINGS UP.

Mortgage terms can get complicated.
The explanation shouldn’t be.

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A half-point (0.5/0) temporary mortgage buydown reduces the rate used to calculate your portion of the payment by 0.50 percentage points for the first 12 months. For example, a hypothetical 6.50% note rate has a first-year payment calculated at 6.00%. Your contractual note rate stays the same; buydown funds cover the payment difference. This is not a 0.50% mortgage rate, a payment cut in half, or the purchase of 0.5 discount points.

GRAND JUNCTION MORTGAGE BUYDOWN GUIDE

FIRST-YEAR BREATHING ROOM.
A LONG-TERM PAYMENT PLAN.

For homebuyers in Grand Junction and across Western Colorado, the useful question is not simply “How much is the first-year difference?” It is whether the full payment, cash to close, and timing fit your complete homebuying plan.

01

A Grand Junction payment conversation

Start with the full monthly payment you can sustain, then compare how a temporary first-year buydown changes principal and interest while you move, furnish, or build a maintenance cushion.

02

Useful for Western Colorado buyers

A 0.5/0 buydown may be worth comparing when first-year cash flow matters, but it does not change the note rate or replace a review of taxes, insurance, HOA dues, and cash to close.

03

A clear month-13 plan

The most important number is the full note-rate payment beginning in month 13. The calculator keeps that payment visible so the temporary benefit is considered in context.

ONE TOOL. NOT THE ONLY TOOL.

THERE’S MORE THAN ONE WAY HOME.

Your priorities decide the strategy—not the other way around.

01 / TEMPORARY

Other temporary buydowns

A 1-0 generally lowers the payment calculation by 1 percentage point in year one. A 2-1 generally uses 2 points in year one and 1 in year two, then the full note-rate payment. Funding and eligibility differ.

02 / LONGER TERM

A permanent buydown

Paying discount points may reduce the note rate for the loan’s life. Compare the upfront cost, monthly savings, and break-even time—not just the rate.

03 / CASH TO CLOSE

A different kind of help

If the down payment or closing costs are your main hurdle, ask about eligible assistance or seller concessions. A temporary buydown alone may not solve that gap.

Read Fairway’s educational guide to buydowns and mortgage options

This page is educational and links to Fairway’s corporate explanation of general buydown structures. It does not promise that any option or promotion is available for a particular borrower, property, or loan.

A LITTLE CLARITY GOES A LONG WAY.

LET’S FIND YOUR NEXT STEP.

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