Seller Offer a Temporary Buydown 2-1

The property you’re considering comes with a unique opportunity known as a 2-1 buydown. This financing technique can make it easier for you to qualify for a mortgage with a lower interest rate. In a 2-1 buydown, the interest rate will decrease for the first two years of the loan, providing you with a lower mortgage payment during this period.

This can be beneficial for managing your finances, allowing you to have more funds available for other financial goals or to ease into the process of paying a monthly mortgage. However, it’s important to note that after the initial two years, the interest rate will increase to its permanent rate in year three
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This property offers a renovated two-story home on a vast 0.82-acre lot in Jacksonville. The home features 4 bedrooms, 2 full bathrooms, and 1 half bathroom. The updated kitchen boasts granite countertops and stainless steel appliances, while the downstairs includes a guest bedroom, bathroom, and a cozy fireplace. Additionally, the property includes a detached two-car garage and offers a total of 4 parking spaces. The lot size is 0.82 acres and the property is located in the Panama Gardens subdivision.

The 2-1 buydown option can provide you with a unique opportunity to manage your mortgage payments effectively during the initial years of the loan. It’s important to consider this option in the context of your overall financial plan and homeownership goals.

Price: $320,000
Location: 6627 OAKWOOD Street, Jacksonville, FL 32208