Get Preapproved For a New Home

Our goal is to make homeownership faster, easier, and more accessible. Alpha Mortgage Advantage has built a relationship with Ben Stout Construction to help make homeownership available for everyone. Because Alpha Mortgage Advantage is a full-service mortgage company with in-house processing, underwriting, closing, and funding, we can examine each unique application and make individual decisions.

Get a Lower Rate and Payment with a 2/1 BuyDown

Want a lower rate and payment? A buydown can help you purchase a home for initially lower terms during the first two years of the mortgage. The 2/1 Buydown program drops the buyer’s interest rate 2% below the Note rate for the first year, and then 1% the second year which saves them THOUSANDS! The rate will then go to the original locked Note rate for the third year through the life of the loan. The lower initial monthly mortgage payment allows you to ease into your mortgage payment.

Example of How You Save:

Based on an example of a $300,000 30-year loan with a standard interest rate of 6%, the buyer would be expected to pay an interest rate of 5.5% the first year, 6.5% the second year, and 7.5% from years 3-30. This would cost the builder approximately $7164. 

For a $400,000 30-year loan with a standard interest rate of 7.5%, the builder would spend approximately $9,564 to buydown the loan.

Heather Wilson

Mortgage Loan Officer

Copyright© 2022. All Rights Reserved. Equal Housing Lender. Alpha Mortgage Advantage NMLS #1860353. Main Office: 6329 Oleander Drive I Wilmington, NC 28403
910.202.6733. Alpha Mortgage Advantage is licensed in North Carolina (B-185698), and South Carolina (1860353), NMLS #1860353 http://nmlsconsumeraccess.org

* Taxes, HOA, Insurance not included. In order to receive this lender credit you must use Alpha Mortgage. This can only be used with Alpha Mortgage to go towards Rate Lock, Buy Down, or Traditional CC. No exceptions. Not all applicants will qualify. Please meet with a licensed loan originator for more information. Rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirement, and final credit approval. Approvals are subject to underwriting and program guidelines and are subject to change without notice. When refinancing your home mortgage, while your interest rate, monthly payment, or loan type may decrease or change, your total finance charges may be higher over the life of the loan as a result of the refinancing. This article is for informational purposes only and not to be construed as a quote or offer of credit.

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Get Preapproved

For a New Home

Our goal is to make homeownership faster, easier, and more accessible. Alpha Mortgage Advantage has built a relationship with Ben Stout Construction to help make homeownership available for everyone. Because Alpha Mortgage Advantage is a full-service mortgage company with in-house processing, underwriting, closing, and funding, we can examine each unique application and make individual decisions.

Male and female picking up chair

Get a Lower Rate and Payment with a 2/1 BuyDown

Want a lower rate and payment? A buydown can help you purchase a home for initially lower terms during the first two years of the mortgage. The 2/1 Buydown program drops the buyer’s interest rate 2% below the Note rate for the first year, and then 1% the second year which saves them THOUSANDS! The rate will then go to the original locked Note rate for the third year through the life of the loan. The lower initial monthly mortgage payment allows you to ease into your mortgage payment.

Example of How You Save:

Based on an example of a $300,000 30-year loan with a standard interest rate of 6%, the buyer would be expected to pay an interest rate of 5.5% the first year, 6.5% the second year, and 7.5% from years 3-30. This would cost the builder approximately $7164. 

For a $400,000 30-year loan with a standard interest rate of 7.5%, the builder would spend approximately $9,564 to buydown the loan.

Heather Wilson Mortgage loan officer

Copyright© 2022. All Rights Reserved. Equal Housing Lender. Alpha Mortgage Advantage NMLS #1860353. Main Office: 6329 Oleander Drive I Wilmington, NC 28403
910.202.6733. Alpha Mortgage Advantage is licensed in North Carolina (B-185698), and South Carolina (1860353), NMLS #1860353 http://nmlsconsumeraccess.org

* Taxes, HOA, Insurance not included. In order to receive this lender credit you must use Alpha Mortgage. This can only be used with Alpha Mortgage to go towards Rate Lock, Buy Down, or Traditional CC. No exceptions. Not all applicants will qualify. Please meet with a licensed loan originator for more information. Rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirement, and final credit approval. Approvals are subject to underwriting and program guidelines and are subject to change without notice. When refinancing your home mortgage, while your interest rate, monthly payment, or loan type may decrease or change, your total finance charges may be higher over the life of the loan as a result of the refinancing. This article is for informational purposes only and not to be construed as a quote or offer of credit.