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Bigger home or a lower payment! Use our preferred real estate team to buy your home and qualify for a 10% larger loan, or get a 10% lower payment via a 1% lower interest rate.

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Get a 1% lower interest rate when you use our preferred real estate team to help you buy or sell your home.

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Buying in Utah? Get a rate up to 1% lower by using our preferred buyer agents.

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Nate D., May 2022: LendRight Mortgage provided the easiest, quickest mortgage process that I have ever been a part of. We have had terrible experiences with re-financing with other companies in the past, but LendRight was professional, easy to work with and got things done quickly. I will definitely be going back to LendRight Mortgage for any future mortgage needs and I would recommend them to anybody.

3-2-1 CONVENTIONAL BUYDOWN: LOAN: $500,000

YEAR 1

Rate:

3.375%

P&I Payment:

$2,211

YEAR 2

Rate:

4.375%

P&I Payment:

$2,497

YEAR 3

Rate:

5.375%

P&I Payment:

$2,800

YEARS 4-30

Fixed Rate:

6.375%

APR: 6.398% P&I PMT:

$3,120

MARKET/PAR RATES:

CONVENTIONAL 30-YR

Fixed Rate:

6.25%

APR: 6.286%

FHA 30-YR

Fixed Rate:

5.75%

APR: 6.508%

VA 30-YR

Fixed Rate:

5.75%

APR: 5.990%

USDA 30-YR

Fixed Rate:

5.75%

APR: 6.282%

FHA & VA 3-2-1 BUYDOWN: LOAN: $500,000

YEAR 1

Rate:

2.749%

P&I PMT:

$2,041

YEAR 2

Rate:

3.749%

P&I PMT:

$2,315

YEAR 3

Rate:

4.749%

P&I PMT:

$2,608

YEARS 4-30

Fixed Rate:

5.749%

FHA/VA APR: 6.122%/5.771%

PMT: $2,918

Get Your Custom Quote

Your exact scenario is likely different than the $500,000, 60% LTV, 760+ FICO purchase loan use to quote the rates above. Complete the "Free Custom Quote" form and we'll email your custom quote with today's rates. Or, call 801-APPROVE. We shop dozens of the premier mortgage lenders in the country to find your best, rock-bottom deal. We don't run your credit. Just give us the basics and we provide you a quote customized to your exact scenario. It's free. No strings attached. We guarantee you'll like what you see! Nobody does what LendRight does. No smoke and mirrors. Complete honesty. Total transparency. The premier wholesale mortgage lenders independently shopped on your behalf. It's why we crush other mortgage lenders. It's mortgage lending done right!

TEMPORARY RATE BUYDOWN OPTIONS

With interest rates and home prices having gone up significantly, using a temporary rate buydown allows you to save thousands of dollars in the first few years of homeownership. The buydowns are paid for with a seller credit. There are several different temporary buydown options available: 1-0, 1-1, 2-1, and the 3-2-1. You can see the rate and payment savings the 3-2-1 buydowns provide in the generic scenarios above. The seller credit needed to cover the buydown depends on the buydown you choose and your loan amount. The buydown cost can range from 1/2% of the home's sale price to over 4%, if you are buying with the minimum 3% or 3.5% down payment and choose the 3-2-1 buydown. We'll send you the breakdown of each option, along with the cost. This way, when you make an offer on a home, you'll know exactly the amount of seller credit needed for the buydown. Buydowns are available on conventional, FHA, and VA purchase loans. The good news is that if you sell the home, or refinance, before the end of the temporary buydown period, you'll get a credit for the unused buydown portion that will reduce they payoff on your mortgage. This ensures you'll get 100% of the benefit of the seller credit used for the buydown.

Buy now and beat the crowds and high prices! Don't wait for rates to come back down! Home prices have dropped about 15% from their highs in the spring of 2022. Buyers have bargaining power and a lot less competition. But, there are hoards of buyers waiting on the sidelines. If you wait to buy until rates drop, prices will snap back and home inventories will plummet as all the sidelined buyers rush back to buy homes. Skip the multiple offers and losing a home to a higher bidder or cash offer. With the temporary rate buydown, you can take advantage of the lower home prices, the more abundant home inventory, and get a lower rate and payment for the first few years. Let LendRight open the door to your new home!

Arrange Your Free Consultation




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    • LendRight has the best rate we could find and we shopped pretty heavily. The process was quick and easy-- very streamlined. Great staff!

      David Parry, June 2021
    • I just bought my first home and knew little about the process of getting a home loan. Rod was so helpful, knowledgeable and patient. He got me the best rate available and helped me understand the process. I highly recommend Rod to anyone looking at a home loan!

      Ruth Bradford
    • My family refinanced with Rodney Rex, with the 801approve Team. He was honest, knowledgeable, and professional. He got us a great rate, lowered our house payment, and was able to do it in a very timely manner. We definitely recommend Rodney, and will use his services in the future for any other mortgage needs.

      Kelli Pereira
    • We've refinanced a couple times over the last few years. Our refi with Rod was probably the smoothest process we've been through. Thanks Rod

      Shane Nebeker
    • We just wanted to say thank you so much for making our refinance so quick and painless. We've been through good and bad experiences with mortgage loans before and this was by far the BEST experience we have ever had. You were so on top of things and our loan went through much quicker than we expected. You were always available to answer our questions and made sure that everything went so smoothly.

      If we ever need to do another loan again or know anyone looking for mortgage loans, we know right where to go!

      Sandi & Josh
    • Rodney Rex was very helpful during my re-finance. He helped to answer questions that I had and made the process go smoothly. He knows this business and has been willing to answer further questions!

      Ashley Huefner
    • Rodney helped me with my refinance a few years ago. He was very knowledgable and made what I thought was going to be a stressful and overwhelming experience seem easy. It was great working with someone I knew I could trust!

      Heidi Hunt Olsen
    • Rod made it super easy for me during my refinance. I felt safe that he was doing what was needed, I didn't have to worry about a thing. It was such a good experience, I recommend him!

      Angie Marie
    • Rodney helped me refinance my home and was amazing to work with! This guy knows the industry very well and took the time to make sure I was happy as we went along the process. I highly recommend him!

      Christina Mattson Bingham
    • I was able to work with Rodney Rex in a home refinance a while back and he was excellent to work with through the process. He explained things well to me and made sure I was kept in the loop the whole time. I had a great experience!

      Chad Mortenson
    • This was my second refi with Rodney and it went as good as the last. Fast and easy to work with. He will let you know if it is a good move to make or not. Thanks for all the help Rodney.

      Erik Smith
    • Rodney Rex helped us get into our first home, a short sale. Rodney was amazing. He was knowledgable and was able to answer all of our questions and prepare us for possible scenarios. Everything went smoothly. He was always prepared and knew exactly what the bank would need. I would recommend Rodney to anyone looking to buy a home.

      Cindy Pugmire
    • If you want the best possible home purchase experience, Rodney and the 801-approve team will ensure you get a honest deal, best rate possible. He will go to work for you! He is knowledgeable, professional, and a great guy to work with.

      Nate Pugmire
    • I refinanced with Rod and he made it so easy. He told me exactly what I needed and coordinated everything. I had streamlined before with a different company and this time around, I had a much better experience. I would highly recommend Rod and his team.

      Ali Nelson
    • Rod was extremely helpful in getting my wife and I into our first home. He answered all of our questions and made sure we got the best deal possible. I would highly recommend the 801-Approve team to anyone that is looking at buying a house.

      Blake Pugmire
    • Rod was excellent to work with and made the process of refinancing very simple!

      Eric Judd
    • I just bought my first home and knew little about the process of getting a home loan. Rod was so helpful, knowledgeable and patient. He got me the best rate available and helped me understand the process. I highly recommend Rod to anyone looking at a home loan!

      R. Abidford