SUBJECT: Updates to REMN’s Temporary Buydown Eligibility

DATE: April 3, 2023

**This Announcement updates the contents of Announcements 22-15 “Temporary Buydowns” and 23-2 “Buydowns Available for Jumbo AUS and Access Loans”**

REMN is pleased to announce the availability of additional subsidy options for Temporary Buydowns:

  • Lender Funded
  • Available on Conventional, FHA, USDA, and VA
  • Listing or Selling Agent Funded
  • Available on Conventional, FHA, Jumbo, Non-QM, USDA, and VA

This feature is available for new applications and existing pipeline transactions on or after April 3, 2023.*

*NOTE: Pipeline transactions will require an applicable CoC if a Buydown option is applied

Buydown Options By Product

New Broker Required Action in the HUB:

  • In the Short Application screen, the Broker must now select a Subsidy Source to identify if the buydown is Lender, Listing Agent, Seller or Selling Agent funded
  • A job aid has been created to assist Brokers

Amendments to LE and CD

Changes to REMN’s Loan Estimate and Closing Disclosure have been made to support these updates:

  • The Projected Payment Section will no longer reflect the reduced monthly P&I payment based on the buydown features
  • The Adjustable Interest Rate (AIR) Table Section will no longer reflect rate change information based on the buydown features
  • The buydown payment will now be reflected in Section H

The Temporary Buydown Calculator is available and can be downloaded by clicking here: REMN Temporary Buydown Calculator.

Guidelines have been updated and can be found at

**Please contact your Account Executive with any questions**

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