Eligible Transaction Types
The following table lists the transaction types that are eligible and ineligible for temporary buydowns:
| Transaction Type | Eligibility |
|---|---|
| Principal residence | Eligible |
| Second homes | Eligible |
| Investor properties | Ineligible |
| Cash-out refinance transactions | Ineligible |
| ARMs | Restricted |
For specific ARM plan restrictions, refer to the following:
- B2-1.4-02, Adjustable-Rate Mortgages (ARMs), and
- B5-4.1-02, Texas Section 50(a)(6) Loan Eligibility.
For additional information, see B2-1.4-04, Temporary Interest Rate Buydowns.