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What is the Payment Advantage program?
Payment Advantage is a Conventional loan for homebuyers wanting to save on their payments now as rates continue to rise. For eligible homebuyers, Payment Advantage utilizes a Guild Mortgage paid buydown on payments for the first year by paying 1% of the borrower's interest rate for year one of their mortgage. Buyers will get a predictable payment increase after the first year and can refinance later with our Payment Protection program with no lender fees.
Product highlights
- Primary purchase transactions only
- As little as 3% down
- Credit scores as low as 620
- First-time homebuyers and repeat buyers are eligible
The Payment Advantage program is a promotional primary purchase offer on a Conventional 1-year lender-paid temporary buydown on locks from 11/10/2022 to 3/31/2023. The promotional offer will temporarily reduce the rate by 1% for the first year of the conventional mortgage on conforming and high balance loan limits. The lender-paid credit will fund the buydown escrow account, and the funds will be dispersed out of the buydown escrow account during the first 12 months of the loan. *For Payment Protection program full terms and conditions, visit www.guildmortgage.com/homebuyer-protection.
Marketing resources
Send360
Products and Services > Payment Advantage
Flyers and postcards
Engage
Emails - Consumer, Partner, and Guild News
Hearsay Social
Social Posts - Search for "Payment Advantage"
SharePoint
Affordable Lending Presentation
What is the Payment Advantage Plus program?
The NEW Payment Advantage Plus program offers a conventional 2-1 Temporary Buydown utilizing a seller credit to pay for year one with a 2% lower rate, and a Guild Mortgage paid buydown on payments for the second year by paying 1% of the borrower's interest rate for year two of their mortgage. This program offers even more affordability for homebuyers wanting to save on their payments now as rates continue to rise. Buyers will get a predictable payment increase after the second year and can refinance later with our Payment Protection program with no lender fees.
Product highlights
- Primary purchase transactions only
- As little as 3% down
- Credit scores as low as 620
- First-time homebuyers and repeat buyers are eligible
The Payment Advantage Plus program is a promotional offer from 2/1/2022 to 7/31/2023. Seller participation is required to provide a seller incentive to temporarily reduce the rate by 2% for the first year and the lender promotional offer will temporarily reduce the rate by 1% for the second year of the conventional mortgage on conforming and high balance loan limits. The seller and lender-paid credit will fund the buydown escrow account, and the funds will be dispersed out of the buydown escrow account during the first 24 months of the loan. *For Payment Protection program full terms and conditions, visit www.guildmortgage.com/homebuyer-protection.
Marketing resources
Send360
Products and Services > Payment Advantage
Flyers and postcards
Engage
Client and Partner emails
Hearsay Social
Social Posts - Search for "Payment Advantage Plus"
SharePoint
Affordable Lending Presentation