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 will lower your payment for the first year by paying 1% of your interest rate for year one of your mortgage.
With Payment Advantage, you can:
Lock in a Conventional mortgage, and we’ll pay 1% of your interest rate
for one year with a lender paid temporary buydown
Get a predictable payment increase after the first year
Conventional financing options:
Primary purchase transactions
As little as 3% down
Credit scores as low as 620
First-time homebuyers and repeat buyers are eligible
Payment Advantage Plus
Eligible homebuyers can save even more with Payment Advantage Plus. With this program, your monthly payment is lowered 2% for the first year by the seller, and 1% the second year by us.
With Payment Advantage Plus, you can:
Lock in a Conventional mortgage
The seller pays 2% of your interest rate for the first year, and we’ll pay 1% of your interest rate for the second year with a lender paid temporary buydown
Get a predictable payment increase after the first two years
Conventional financing options:
Primary purchase transactions
As little as 3% down
Credit scores as low as 620
First-time homebuyers and repeat buyers are eligible
If you’re interested in learning more, please fill out the contact form to reach out to a loan officer. Our loan officers are here to answer your questions, go over the details and support you every step of the way.
The Payment Advantage and Payment Advantage Plus programs are Guild-exclusive offers available on eligible conventional primary purchase loans. The Payment Advantage program provides a 1-year lender-paid temporary buydown that reduces the interest rate by 1% for the first year. Guild Mortgage funds a buydown escrow account, which is used to lower the interest portion of the monthly payments during the first 12 months of the loan. The Payment Advantage Plus program requires seller participation and offers a temporary rate reduction of up to 2% for the first year, followed by a 1-year lender-paid buydown that reduces the interest rate by 1% in the second year. The buydown is jointly funded by Guild Mortgage and the seller through a buydown escrow account, which is used to lower the interest portion of the monthly payments over the first 24 months of the loan.
