# Buy Your Rate Down With Someone Else's Money

By Scott Shannon (@scottshannon) · Published 2026-08-18

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Affordability is the single biggest thing standing between buyers and a home purchase right now. Mortgage rates are still sitting in the mid-6% range nationally, and that extra percent or two on a payment is exactly what pushes a "maybe" into a "not right now."

Here's the part most buyers don't know: you don't have to accept whatever rate is on the board the day you close. Seller concessions, where the seller agrees to pay some of your closing costs which then get applied toward buying down your interest rate, are one of the most underused tools in this market. And the timing is good for it: inventory is up, sellers are more willing to negotiate than they've been in years, and a lot of the big national builders are already doing this exact move to keep their new-construction communities affordable. There's no reason a resale seller can't do the same thing for you.

Done right, this can bring your effective rate as much as 1.5% below the national average, which on a typical Central Florida mortgage is a real, monthly-payment-changing number, not a rounding error.

The catch is that it has to be structured correctly in the offer and the loan file from the start, how much the seller can contribute, how it gets applied, and whether it makes more sense as a rate buydown versus covering closing costs outright all depends on your specific loan program and purchase price. That's not a Google-able answer, that's a "pull up your numbers and run it" conversation.

If you're house hunting anywhere in Marion, Citrus, Sumter, Lake, or Alachua County and want to know what a seller-concession buydown would actually look like on a home you're considering, give us a call, it takes about 10 minutes and you'll know exactly where you stand.