Published May 8, 2026
Still Waiting for Rates to Drop? This Middle Tennessee Mortgage Incentive Changes the Math
Limited-Time Opportunity — Through June 30, 2026
Waiting on Rates? There’s a Smarter Move Available Right Now.
If you’ve been sitting on the sidelines because of today’s interest rates, here’s something worth knowing about before June 30th.
One of our trusted lending partners — the #1 wholesale lender in the country — is currently offering to cover the full cost of a 1-year interest rate buydown on all conventional and government loans. That means the lender picks up the tab, not you.
This promotion is available through June 30, 2026, and it’s one of the more meaningful incentives we’ve seen in a while. Here’s exactly how it works.
What Is a 1-Year Interest Rate Buydown?
A temporary buydown reduces your interest rate for a set period at the start of your loan. With a 1-year buydown, your rate is reduced by 1% for the first 12 months — then settles into the permanent note rate for the remainder of the loan.
What this looks like in practice
If today’s rate is 6.625%, your starting rate for the first year would be 5.625%. After 12 months, the rate adjusts to the permanent note rate of 6.625% for the life of the loan.
By the Numbers: $320,000 Loan
Here’s what the payment difference looks like on a sample $320,000 loan using a real pricing scenario:
|
Without Buydown $2,049/mo at 6.625% |
With Buydown (Year 1) $1,842/mo at 5.625% |
That’s about $207/month lower during the first year, or about $2,484 in first-year payment savings.
Why This Matters for Today’s Buyers
The biggest challenge for many buyers right now isn’t qualifying — it’s the psychological hurdle of committing to a payment in today’s rate environment. A 1-year buydown addresses that directly.
It gives you a softer landing: a lower payment in year one while you get settled in, build equity, and adjust to homeownership. After 12 months, you step into the full payment — on a home you already own.
And because this promotion covers the buydown cost entirely, you’re not trading a lower rate now for a higher rate later or rolling extra fees into your loan. The numbers above are what they are.
Who Qualifies?
This promotion applies to all conventional and government loans (FHA, VA, USDA) through our participating lending partner. Not all borrowers or properties will qualify, and availability is subject to lender guidelines — so if you’re interested, the time to ask is now, not June 29th.
Ready to run the numbers for your situation?
I’m happy to walk you through it — no pressure, no obligation.
Call or Text Benton — 615-610-9969Or email: benton@fiddletreerealty.com
Benton Pittman
Affiliate Broker • FiddleTree Farm & Estate Realty • Middle Tennessee
Disclosure: Example is based on a sample pricing scenario prepared 5/8/2026 for a $400,000 purchase price, $320,000 loan amount, 30-year fixed conventional loan, primary residence, estimated 740 credit score, and 30-day lock period. This is for illustrative purposes only and is not a Loan Estimate, loan approval, quote, or commitment to lend. Actual rates, APR, payments, fees, credits, and program availability may vary based on borrower qualifications, loan details, market conditions, and lender/investor guidelines. Sample permanent note rate is 6.625% with an estimated APR of 6.893%. Payment examples include principal and interest only and do not include taxes, insurance, mortgage insurance, HOA dues, escrows, or other costs, so actual payment may be higher. Temporary buydown availability, cost, eligibility, and lender-paid promotional coverage are subject to participating lender guidelines and may change or be discontinued at any time. Not all borrowers, properties, or programs qualify. Benton Pittman and FiddleTree Farm & Estate Realty are not mortgage lenders. Contact a licensed mortgage professional for personalized terms.
