1% Down Payment Advantage

Guild Mortgage has introduced a new 1% down, 1% one-year lender interest rate buy-down program. The program, 1% Down Payment Advantage, allows homebuyers to make the smallest possible down payment, with Guild covering the remaining 2% to bring the payment up to its 3% minimum requirement. Guild is offering a lender-paid temporary rate buydown as part of the program. Consumers can then refinance with Guild later with no lender fees. Leaders at Guild say they are committed to helping Americans tackle the three main components of owning a home: the cost to get in it, the cost to stay in it, and the ability to handle unexpected emergencies in the first five years. “No matter what is happening in the…