The Inflation Buster Buydown
For a limited time, Novus Home Mortgage pays 1% of your first year’s interest through a temporary 1-0 buydown on qualifying purchase loans — at no cost to you and with no increase to your rate. It works for a home you’ll live in, a second home or an investment property.
Purchase contracts ratified by December 31, 2026; close by December 31, 2026. Terms apply.
What it is
A temporary buydown lowers the amount you pay each month for a set time. With a 1-0 buydown, that time is the first year of the loan. For this offer, Novus pays the cost of the buydown on qualifying loans, so you don’t pay for it and the seller doesn’t have to agree to it.
Your loan’s note rate does not change, and this offer does not increase your note rate. In most cases, you qualify at the full note rate. For the first 12 payments, your principal and interest payment is calculated as if the rate were 1 percentage point lower. After the first year, you pay the full monthly principal and interest payment based on the note rate.
Who qualifies
- Purchase loans only. Refinances don’t qualify.
- A primary residence, a second home or an investment property.
- Not every loan program allows a lender-paid buydown. I’ll tell you which programs fit your purchase.
- Approval is required. Not all borrowers qualify. All loans are subject to credit approval and program rules.
Key dates
- Your purchase contract must be ratified between October 1, 2026 and December 31, 2026.
- Your loan must close by December 31, 2026.
- A closing date is never guaranteed. Start early so there is time for the appraisal, title work and underwriting.
How it works
- Calculate your estimated savings. Enter a purchase price, down payment and a sample note rate from your own quote to see an illustrated year-1 savings amount.
- Register so I can follow up. Tell me your timeline, the property type and how to reach you. Registering is not a loan application or a commitment to lend.
- If you qualify, Novus pays the buydown. At closing, the lender-paid 1-0 buydown is applied. Your year-1 principal and interest payment is lower; your note rate stays the same. In year 2, the payment rises to the full note-rate payment.
Want a longer explanation, including seller-paid buydown options? See the full Inflation Buster Buydown guide.
Inflation Buster Buydown questions
What is the Inflation Buster Buydown from Andy Zemon and Novus Home Mortgage?
It is a limited-time, lender-paid temporary 1-0 buydown on qualifying purchase loans. Novus pays part of your monthly payment for the first year. It applies to purchase contracts ratified between October 1 and December 31, 2026 that close by December 31, 2026. It is subject to credit approval and program rules.
Does the Inflation Buster Buydown lower my interest rate?
No. Your note rate does not change. The loan accrues interest at the full note rate for the whole term. For the first year, part of your monthly payment is paid for you. After that, you pay the full payment based on the note rate.
Who pays for the Inflation Buster Buydown?
Novus Home Mortgage pays for the temporary buydown on qualifying loans, so no seller concession is needed for it. It is free for home buyers working with our team during the offer window, October 1 to December 31, 2026.
When does the Inflation Buster Buydown offer end?
The purchase contract must be ratified between October 1 and December 31, 2026, and the loan must close by December 31, 2026. A closing date is never guaranteed, so start early.
Which home purchases can qualify for the Inflation Buster Buydown?
Purchases of a primary residence, a second home or an investment property can qualify, subject to credit approval and loan program rules. Refinances do not qualify. Not every loan program allows a lender-paid buydown, so ask Andy which programs fit your purchase.
When does my payment go up?
After the first year. The Inflation Buster Buydown only subsidizes your monthly principal and interest payment for the first 12 payments. Beginning in year 2, you pay the full monthly principal and interest payment based on the unchanged note rate for the rest of the loan term. Taxes, insurance and other costs are separate.
Can I combine the Inflation Buster Buydown with Virginia Housing or down payment assistance?
Maybe — it depends on the loan program and the assistance you use. Ask Andy, and he will check what can be combined for your purchase. Approval is required, and not every program allows a lender-paid buydown.