Buying in Greenville, Greer, Simpsonville, or anywhere in the Upstate before June 30? You can lock in a full 1 percentage point lower mortgage rate for year one — lender-funded, no cost to you or the seller.
At a Greenville median price of $340,000 with 10% down, your loan amount is around $306,000.
Year two onward you're back at the full note rate — same payment as a regular mortgage, with the first year already off your back.
Greenville's growing fast and first-year cash flow is tight for almost every buyer — whether you're moving for BMW, Michelin, Prisma Health, or relocating from a higher-cost market. A $2,350 buffer in year one is the difference between settling in comfortably and feeling stretched.
You can put the buydown into your offer without asking the seller to chip in toward the rate. Cleaner offer, lower year-one payment, same offer price. Greenville agents have started building this into pre-approval conversations because it works.
This is a lender-funded offer with a hard deadline. Loans need to be locked by June 30. After that, the cost reverts to seller or buyer to pay. Plan to start the conversation in May or early June, not late June.
Full mechanics in our main 1-0 Buydown blog post. Browse the Greenville Conventional Loans or Greenville First-Time Homebuyer Programs page to see the underlying loan options.
Call or text Samantha Payne at (864) 387-8964, email Samantha@openkeymortgage.com.
OpenKey Mortgage Advisors LLC. NMLS Company ID 2812158. Samantha Payne, NMLS #2743877. Licensed in South Carolina and North Carolina. Equal Housing Opportunity.
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