Fha 2-1 Buy Down offers Interest Rates 2% below your Note Rate. How to Buy a home with FHA Financing. 3.5% down payment and will allow your intial interes rate 2% below your final rate in year one. In year 2 your rate will be 1% under you r final note rate. In the third year your rate will adjust a final time and remain fixed for the remaining 27 years. Great cash flow tool for ones who are expecting incomes to rise over the next couple years, or ones who want to use this cash flow for property improvements. Victor Bals 734-417-2115