Rate Rollback Guarantee

Obtain lower initial mortgage payments and long term security with our Rate Rollback Guarantee!

What does it do?

With Rate Rollback, home buyers may obtain a 1-year,temporary buydown, which lowers the monthly mortgage payments during the first year of the loan.

How does it work?

A buyer’s monthly payment will reflect the equivalent of a 1% interest rate reduction during the first year of the loan. Prosperity will subsidize the difference in payment during year 1. Then in year 2, the buyer’s monthly payment will return to the full payment for the remainder of the loan.

What if rates drop?

If interest rates go down, we will cover the cost of your loan origination fee (up to $1,395) when you refinance your home with Prosperity Home Mortgage by 12/31/2025.¹

Buyers must apply for a purchase loan with Prosperity between 11/21/2022 — 06/30/2023.²

Save now AND save later with the Rate Rollback Guarantee!

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Available for the purchase of a primary residence with conventional, FHA and VA fixed-rate loan products only. A temporary buydown may not be the best option for all borrowers. Contact your mortgage consultant to determine the right loan option for you.

1. Borrowers may be eligible to refinance 180 days after purchase loan closes. Subsequent refinance loan must close with Prosperity Home Mortgage, LLC by 12/31/2025.  Eligible borrowers will receive a lender credit toward closing costs on the Closing Disclosure of the refinance loan, secured by a first mortgage or deed of trust (New Loan), subject to qualification, approval and closing with Prosperity Home Mortgage, LLC. Loan must close within 60 days from the date of refinance loan application. Lender credit may not exceed $1,395 or a borrower’s out of pocket closing costs. Eligibility certificate must be presented at the time of application for refinance loan, and all eligibility requirements must be met no later than 2 days prior to the New Loan closing date. Only one lender credit permitted per New Loan. This lender credit is void where prohibited and is non-transferable, subject to the terms herein, and valid on complete applications. By refinancing an existing loan, your total finance charges maybe higher over the life of the loan. Not all borrowers will qualify.

If you have a current lock-in agreement, this is NOT an inducement to transfer your loan. This promotion may not be combined with any other offers, discounts or promotions. Standard credit and collateral underwriting guidelines apply. This is not a commitment to lend. Prosperity Home Mortgage, LLC will be able to offer a loan commitment to qualified applicants upon verification of application information, satisfying all underwriting requirements and conditions, and providing an acceptable property, appraisal, and title report. See a mortgage consultant for details.

2. This promotion is valid on purchase loan applications completed through Prosperity Home Mortgage, LLC between 11/21/2022 — 06/30/2023. Loan must close within 60 days from the date of completed purchase loan application.