I just wanted to give an example of how the 3/2/1 purchase loan program works. Lets says a person wanted to buy a 400k home with 40k down They would get a 6.375% interest rate as of January 24 2025. The principal and interest payment would be $2245.93 per month. They can also have their realtor write up the purchase contract so that the seller pays a subsidy of $15,994.92 to temporarily buy down the interest the first three years. The first year interest rate would be 3.375% with a payment of $1591.55 per month. The 2nd year interest rate would be 4.375% for a payment of $1797.43 per month. The third year interest rate would be 5.375% for a payment of $2015.90 then the remaining years the rate is 6.375% with the final payment of $2245.93 per month. This is a great way to save money on payments for the first three years and lets say three years after the loan is originated the 30 year fixed rate is 5.0% ,the homeowner can refinance into a new 30 year fixed rate loan of 5.0%. If you are looking to buy a home in Rocklin, this could be a helpful loan program to complete the purchase.