A family playing with their dog in the backyard of their home

Options For Your Rate And Payment

Temporary buydowns, rate locks, and payment structures that can help you plan your purchase with more confidence.

Find a loan officer

On this page

Conventional · FHA · VA

Temporary Interest Rate Buydowns

Supreme Lending is proud to offer a variety of Temporary Interest Rate Buydowns for eligible, fixed-rate Conventional, FHA, and VA loans. A temporary buydown allows borrowers to reduce their monthly mortgage payment with a lower interest rate for a limited period of time. Options include the first, second, and/or third years of the loan.

  • Buydown program1-0A lower interest rate for the first year of the loan.
  • Buydown program2-1A lower interest rate for the first & second years of the loan.
  • Buydown program3-2-1A lower interest rate for the first, second, and third years of the loan.

Additional upfront funds provided by the seller are required for this interest rate buydown program.

Lock, Shop & Drop

  • Locked rate good for60 or 90 daysWith no upfront fee

Lock in your interest rate today

  • Step 1LockWith Supreme Lending’s Lock, Shop & Drop program¹ you can lock in the best interest rate available today.
  • Step 2ShopShop with confidence, knowing your locked rate is good for 60 or 90 days with no upfront fee.
  • Step 3DropOnce under contract, should interest rates go down, you can drop your rate, one time within 60 or 90 days of your closing, at no additional cost.

¹ Available for conventional 15 and 30-year fixed loans and FHA and VA 30 year fixed loans only. Lock expires based on lock term selected (60 or 90 days). Prequalification request must be made with Supreme Lending. Limited time offer.

Conventional · Government

2-Step Refinance

  • Up to$2,000Lender credit toward closing costs
  • $1,000Minimum credit

Buy the house, rent the rate

Two-step with Supreme and don’t miss a beat. Purchase with confidence now and easily refinance later without any significant cost.

  • Step oneNowPurchase and finance your home with Supreme now.
  • Step twoLaterRefinance your loan¹ with Supreme later with minimal closing costs² when interest rates drop.

How it works

Refinance your loan with Supreme, and we’ll give you a Lender Credit up to $2,000 (credit is based on your loan amount) to use towards your closing costs. Minimum credit is $1,000.

¹ Bond loans ineligible. Two-Step program is only valid on conventional conforming and government loans. ² Refinance loan must be on the same subject property as the original purchase loan. Offer may not be redeemed for cash or credit and is nontransferable. Offer cannot be retroactively applied to any loans. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines. Offer available for properties located in GA, FL, and NC. Please consult with a Supreme Lending loan officer for additional details. Limited time offer subject to change or termination without notice. Cannot be combined with any other discount or offer.

40-Year Interest-Only Product

  • 10 yearsInterest-only, on a 40-year term
  • 620Minimum credit score
  • 20%Minimum down payment

Making homeownership more affordable

Introducing our new 40-Year Interest Only Loan Program designed to provide lower initial monthly payments and greater financial flexibility. For the first 10 years, borrowers pay interest only, followed by a 30-year amortization period.

Program highlights

  • 40-year term with the first 10 years interest-only*
  • Qualify based on a 30-year amortizing payment
  • Loan amounts from $100,000 to $3,000,000
  • Minimum 620 credit score
  • Minimum 20% down payment

*Interest-only loans do not reduce the loan balance during the interest-only period. Payments will increase once principal repayment begins. Borrowers should evaluate long-term affordability.