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Introducing the Perry Homes Lender Incentive Buydown Program

We understand that buying a new home can be stressful and expensive. Luckily, the Perry Homes lender incentive was created to help ease the increased expense. You can use this $21,000 incentive on the following when you use the Perry Team at Veritas Funding to buy your Perry Home:

Closing Costs

This incentive can go towards covering closing costs, which are typically about 3-5% of your loan amount and are usually paid at closing.

Permanent Rate Buydown

Better known as paying discount points, you can use the incentive to cover the discount point cost to obtain a permanently lower interest rate for the term of your loan.

3/2/1 Buydown

In a 3/2/1 temporary buydown , the rate is buydown for the first three years of the mortgage loan For example , if a the note rate is 6.5%, then the rate is reduced to 3.5% for the first year, then 4.5% for the second year, then 5.5% for the second year and then remains at the note rate for the remaining life of the loan (years 4-30 rate increase to the original note rate).

Year 1


6.5% APR

THREE percent below preferred lender's current market rate

Year 2


6.5% APR

TWO percent below preferred lender's current market rate

Year 3


6.5% APR

ONE percent below preferred lender's current market rate

Year 4-30


6.5% APR

Regular Locked Rate

Rates above used only as an example. Perry Team will provide current market rates upon request. Want to learn more? Give us a call today.

Perry Homes Utah Home Building Process