In today’s real estate market, securing a new or first home comes with its fair share of challenges. From high interest rates to low inventory, navigating the path to homeownership can be daunting. The Federal Reserve has indicated that interest rates will be going down in the future, but what if you need a home now? Silverton Mortgage can help with the extension of its innovative Rate Drop Protection Program.

How does the Rate Drop Protection Program work?

To help our borrowers obtain the home of their dreams, Silverton Mortgage has subsequently extended its Rate Drop Protection Program through June 2024. Therefore, if you finance the purchase of your home with Silverton Mortgage by the end of June and rates drop within three years of your closing, Silverton Mortgage will waive its origination fee (up to $1,495 in savings) and contribute up to $500 toward appraisal fees when you refinance!

Refinancing can help your financial picture in a number of ways:

1. You lower your monthly mortgage payments.
2. You reduce the amount of interest you pay.
3. You can switch loan types, particularly if you have an adjustable-rate mortgage, providing greater predictability in monthly payments.
4. You may be able to remove Private Mortgage Insurance (PMI), which could further reduce your monthly payment.

And, with Rate Drop Protection you save big on your refinancing costs too!

Why Choose Silverton Mortgage?

Our team understands the challenges buyers face in today’s market and believes the Rate Drop Protection Program is an important way to help buyers get on the path to homeownership and to provide peace of mind knowing they can take advantage of a future interest rate decrease and refinance with lower costs.

How to Get Started

Ready to take advantage of this incredible offer? It’s easy, simply reach out to one of Silverton’s loan originators, who are based around the country and licensed in 46 states. They’ll be able to walk you through your options and help you navigate the path to homeownership with ease.

Don’t let the challenges of the current market hold you back from achieving your homeownership dreams. With Silverton Mortgage’s Rate Drop Protection Program, you can make a fresh start this spring and unlock the door to your dream home with confidence.

ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.

*If rates decrease and you qualify for a refinance loan with Silverton Mortgage, Silverton will waive the origination fee on the refinance loan up to $1,495, and contribute up to $500
toward the cost of the appraisal for the refinance loan. Applicants are responsible for appraisal costs over $500.

The original purchase loan must be locked between 03/29/2024 and 06/29/2024, and the refinance loan must close within 3 years of closing date. Refinance loan is subject to credit
approval and you will be required to provide a complete application, submit requested documentation, and have your credit pulled. 

The interest rate, APR, and payment may vary
based on the specific terms of the loan selected, verification of information, your credit history, the location, type and value of property, and other factors as determined by Silverton.
Refinance offer is available only after six (6) payments have been made on the original purchase loan. By refinancing an existing loan, your total finance charges may increase over
the life of the loan. Contact your loan originator for more information. Offer not available in all states.
Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS 1561, (http://www.nmlsconsumeraccess.
org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the
N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking and Securities, Rhode Island Licensed Lender. Licensing information: Home
licensing/. All information is believed accurate and is subject to change without notice. 03/2024