Make the move
Moving trucks, packing supplies, and utility setup can land at once. A lower initial payment can leave room in your monthly budget.
CMG Home Loans · Lender-paid temporary buydown
Rate Break
Give your first
12 payments a break.
Moving costs add up fast. Rate Break bases your principal and interest payment on a lower rate for the first 12 payments — so you can settle in lighter.
Temporary buydown. Your note rate does not change. You must qualify at the full note rate; restrictions and approval requirements apply.
0.50 percentage points
Below the note rate for payments 1–12
CMG pays for it
A lender-paid temporary buydown
Know payment 13
Qualify at the full note rate from the start
A little breathing room, right when you move
New home. More room
for the first-year essentials.
Make it yours
From furniture to a fresh coat of paint, the first year brings a wish list. Consider how the temporary savings fit your priorities.
Plan beyond year one
The payment increases after payment 12. Build your budget around the full payment now, and treat the first-year savings as temporary relief.
See the difference
A break now. A clear plan for later.
Payments 1–12 use a principal and interest payment based on a rate 0.50 percentage points below your note rate. Beginning with payment 13, principal and interest are based on the full note rate.
Payments 1–12
$2,398.20/ month
P&I based on 6%
Payment 13 onward
$2,528.27/ month
P&I based on the full 6.5% note rate
$130.07 less per month for the first 12 payments · $1,560.84 total estimated first-year savings.
Illustration only — not a rate quote, APR, approval, or offer to lend. Estimates show principal and interest only on an amortizing loan and exclude taxes, insurance, mortgage insurance, HOA dues, and fees. Example inputs are not current advertised rates or program limits. Actual payments and eligibility depend on your loan terms.
Is Rate Break a fit?
Buying a home?
Start with your loan options.
Rate Break is for eligible purchase loans on new locks. Dana can review your loan, property, and timeline to see whether the offer fits.
ConventionalFHAVA
New lock window
October 7 – December 31, 2026. Dates and terms are subject to change.
Your seller can add to it
On fixed-rate loans, seller contributions may provide a larger buydown. Ask Dana to compare the available structure and any contribution limits before negotiating.
Full-rate qualification
Approval is based on the full note rate, not the reduced first-year payment. Not all borrowers or properties qualify.
Good questions. Clear answers.
Is my actual mortgage rate lower?
No. This is a temporary buydown, not a permanent rate reduction. For the first 12 payments, principal and interest are based on a rate 0.50 percentage points below the note rate. Your original note rate still applies to the loan.
What happens at payment 13?
Your principal and interest payment moves to the amount based on your full note rate. Dana can show you both amounts before you decide. Taxes, insurance, and other costs may change independently.
Who pays for the Rate Break buydown?
CMG pays for the Rate Break temporary buydown. That does not mean every closing cost or other loan expense is covered. Ask Dana for a complete breakdown.
Can I use it to refinance?
The supplied Rate Break offer applies to purchase loans on new locks, including eligible Conventional, FHA, and VA loans. It is not advertised as a refinance offer.
What should I ask Dana before locking?
Ask about your eligibility, full note rate, APR, payment starting at month 13, total closing costs, lock timing, and whether seller contributions could help on a fixed-rate loan.
Start here
Send Dana your
Rate Break questions.
Share a few details about your purchase and Dana will follow up within one business day with eligibility, your full note rate, and the payment that begins at month 13. No cost and no obligation.
Submitting this form is a request for information. It is not an application, a preapproval, or a commitment to lend.
Settle in lighter.
Talk with Dana Allen about Rate Break, your first-year payment, and the full payment that follows. Get the details before you lock.