Knoxville
TN
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Show More
Overview
$401,573
Average Sales Price
$379,945
Median Sales Price
396,289
Population
8
Total Listings
Featured Listings
For Sale (2)
For Sold (200)
Open 6/30 5PM-7PM4 Beds3 Baths2,832 SqFt10421 Laurel Pointe LN, Knoxville, TN 37931
Listed by Keller Williams Realty
Price Dropped by $1K5 Beds3 Baths2,754 SqFt1652 Hickory Reserve RD, Knoxville, TN 37932
Listed by Ocoee Realty & Property Management
Amenities & Attractions
Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Pets
Education
Public Services & Government
Local Media
-
Chick-fil-A
7565 Mountain Grove Dr, Knoxville, TN 37920
Fast Food Phone: 865-573-0023
-
China House Chinese & Thai Restaurant
11509 Kingston Pike, Knoxville, TN 37922
Thai Phone: 865-966-7918
-
Waffle House
5416 Asheville Hwy, Knoxville, TN 37914
American (New) Phone: 865-522-9536
-
Taco Bell
5322 Millertown Pike, Knoxville, TN 37924
Mexican Phone: 865-525-5250
-
Godfather’s Pizza
1116 Harvey Rd, Knoxville, TN 37922
Pizza Phone: 865-288-3400
-
Wishbones
4808 Clinton Hwy, Knoxville, TN 37912
Chicken Wings Phone: 865-219-0777
-
The Public House
212 W Magnolia Ave, Knoxville, TN 37917
Bars Phone: 865-247-4344
-
Krystal’s Restaurant
5320 Millertown Pike, Knoxville, TN 37924
Fast Food Phone: 865-524-3301
-
Rutledge Pike Diner
7606 Rutledge Pike, Knoxville, TN 37924
Diners Phone: 865-544-7303
-
Burger King
5316 Millertown Pike, Knoxville, TN 37924
Phone: 865-521-6911
Educational Environment
Elementary Schools (71)Middle Schools (32)High Schools (28)
Name
Category
Grades
Library
Ratio
9/10
Blue Grass Elementary School
8901 Bluegrass Rd, Knoxville, TN 37922
Public
KG - 5
No
19:1 STUDENTS/TEACHERS
9/10
Gap Creek Elementary School
1920 Kimberlin Heights Rd, Knoxville, TN 37920
Public
KG - 5
No
13:1 STUDENTS/TEACHERS
8/10
A. L. Lotts Elementary School
9320 Westland Dr, Knoxville, TN 37922
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
8/10
Northshore Elementary School
1889 Thunderhead Rd, Knoxville, TN 37922
Public
KG - 5
No
19:1 STUDENTS/TEACHERS
8/10
Sequoyah Elementary School
942 Southgate Rd, Knoxville, TN 37919
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
8/10
Farragut Intermediate School
208 W End Ave, Knoxville, TN 37934
Public
3 - 5
No
18:1 STUDENTS/TEACHERS
8/10
Bearden Elementary School
5717 Kingston Pike, Knoxville, TN 37919
Public
KG - 5
No
21:1 STUDENTS/TEACHERS
7/10
Hardin Valley Elementary School
11445 Hardin Valley Rd, Knoxville, TN 37932
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
7/10
Halls Elementary School
7502 Andersonville Pike, Knoxville, TN 37938
Public
PK - 5
No
18:1 STUDENTS/TEACHERS
7/10
Brickey-McCloud Elementary School
1810 Dry Gap Pike, Knoxville, TN 37918
Public
PK - 5
No
17:1 STUDENTS/TEACHERS
7/10
Ball Camp Elementary School
9801 Middlebrook Pike, Knoxville, TN 37931
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
7/10
Shannondale Elementary School
5316 Shannondale Rd, Knoxville, TN 37918
Public
KG - 5
No
20:1 STUDENTS/TEACHERS
7/10
Rocky Hill Elementary School
1200 Morrell Rd, Knoxville, TN 37919
Public
KG - 5
No
19:1 STUDENTS/TEACHERS
6/10
Cedar Bluff Elementary School
705 N Cedar Bluff Rd, Knoxville, TN 37923
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
6/10
New Hopewell Elementary School
757 Kimberlin Heights Rd, Knoxville, TN 37920
Public
KG - 5
No
14:1 STUDENTS/TEACHERS
6/10
Sterchi Elementary School
900 Oaklett Dr, Knoxville, TN 37912
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
6/10
South Knox Elementary School
801 Sevier Ave, Knoxville, TN 37920
Public
PK - 5
No
18:1 STUDENTS/TEACHERS
6/10
Fountain City Elementary School
2910 Montbelle Dr, Knoxville, TN 37918
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
5/10
Adrian Burnett Elementary School
4521 Brown Gap Rd, Knoxville, TN 37918
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
5/10
Mount Olive Elementary School
2507 Maryville Pike, Knoxville, TN 37920
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
5/10
Amherst Elementary School
5101 Schaad Rd, Knoxville, TN 37931
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
5/10
Karns Elementary School
8108 Beaver Ridge Rd, Knoxville, TN 37931
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
5/10
Chilhowee Intermediate School
5005 Asheville Hwy, Knoxville, TN 37914
Public
3 - 5
No
19:1 STUDENTS/TEACHERS
5/10
Sarah Moore Greene Magnet Academy
3001 Brooks Ave, Knoxville, TN 37914
Public
PK - 5
No
13:1 STUDENTS/TEACHERS
5/10
Mooreland Heights Elementary School
5315 Magazine Rd, Knoxville, TN 37920
Public
PK - 5
No
17:1 STUDENTS/TEACHERS
5/10
Pleasant Ridge Elementary School
3013 Walnoaks Rd, Knoxville, TN 37921
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
5/10
Christenberry Elementary School
927 Oglewood Ave, Knoxville, TN 37917
Public
PK - 5
No
13:1 STUDENTS/TEACHERS
4/10
Ritta Elementary School
6228 Washington Pike, Knoxville, TN 37918
Public
PK - 5
No
19:1 STUDENTS/TEACHERS
4/10
Bonny Kate Elementary School
7608 Martin Mill Pike, Knoxville, TN 37920
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
4/10
Spring Hill Elementary School
4711 Mildred Dr, Knoxville, TN 37914
Public
KG - 5
No
13:1 STUDENTS/TEACHERS
4/10
Dogwood Elementary School
705 Tipton Ave, Knoxville, TN 37920
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
4/10
Inskip Elementary School
4701 High School Rd, Knoxville, TN 37912
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
4/10
Beaumont Elementary School
1211 Beaumont Ave, Knoxville, TN 37921
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
4/10
Green Magnet Elementary School
801 Townview Dr, Knoxville, TN 37915
Public
PK - 5
No
12:1 STUDENTS/TEACHERS
4/10
West Hills Elementary School
409 Vanosdale Rd, Knoxville, TN 37909
Public
PK - 5
No
17:1 STUDENTS/TEACHERS
4/10
West View Elementary School
1714 Mingle Ave, Knoxville, TN 37921
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
3/10
Knox Adaptive Education Center
5719 Kingston Pike, Knoxville, TN 37919
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
3/10
Pond Gap Elementary School
1400 Hollywood Rd, Knoxville, TN 37909
Public
PK - 5
No
12:1 STUDENTS/TEACHERS
3/10
West Haven Elementary School
3620 Sisk Rd, Knoxville, TN 37921
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
3/10
Lonsdale Elementary School
1317 Louisiana Ave, Knoxville, TN 37921
Public
PK - 5
No
13:1 STUDENTS/TEACHERS
2/10
Norwood Elementary School
1909 Merchant Dr, Knoxville, TN 37912
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
1/10
Belle Morris Elementary School
2308 WASHINGTON PK, KNOXVILLE, TN 37917
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
1/10
Maynard Elementary School
737 College St, Knoxville, TN 37921
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
0/10
Primrose School of Farragut
120 Coach Rd, Knoxville, TN 37934
Private
PK - KG
No
10:1 STUDENTS/TEACHERS
0/10
The Episcopal School of Knoxville
950 Episcopal School Way, Knoxville, TN 37932
Private
PK - 8
Yes
9:1 STUDENTS/TEACHERS
0/10
Paideia Academy
10825 Yarnell Rd, Knoxville, TN 37932
Private
PK - 12
No
9:1 STUDENTS/TEACHERS
0/10
Annoor Academy
724 Foxvue Rd, Knoxville, TN 37922
Private
PK - 8
Yes
9:1 STUDENTS/TEACHERS
0/10
West End Academy
5311 Mckamey Rd, Knoxville, TN 37921
Private
PK - 12
Yes
4:1 STUDENTS/TEACHERS
0/10
Rivers Edge Christian Academy
5600 Western Ave # 2, Knoxville, TN 37921
Private
PK - 12
Yes
20:1 STUDENTS/TEACHERS
0/10
Grace Christian Academy
5914 Beaver Ridge Rd, Knoxville, TN 37931
Private
KG - 12
Yes
14:1 STUDENTS/TEACHERS
0/10
Montessori Internationale School
10019 S Northshore Dr, Knoxville, TN 37922
Private
PK - KG
Yes
3:1 STUDENTS/TEACHERS
0/10
Natures Way Montessori School
4710 Murphy Rd, Knoxville, TN 37918
Private
PK - 8
No
9:1 STUDENTS/TEACHERS
0/10
Tates School
9215 Bob Gray Rd, Knoxville, TN 37923
Private
PK - 6
Yes
7:1 STUDENTS/TEACHERS
0/10
Giving Tree Montessori
7728 Nubbin Ridge Dr, Knoxville, TN 37919
Private
PK - KG
No
2:1 STUDENTS/TEACHERS
0/10
Sunnyview Primary School
412 Bagwell Rd, Knoxville, TN 37924
Public
PK - 2
No
19:1 STUDENTS/TEACHERS
0/10
St Joseph School
1810 Howard Dr, Knoxville, TN 37918
Private
PK - 8
Yes
11:1 STUDENTS/TEACHERS
0/10
Sacred Heart Cathedral School
711 S Northshore Dr, Knoxville, TN 37919
Private
PK - 8
Yes
15:1 STUDENTS/TEACHERS
0/10
First Lutheran School
1207 N Broadway St, Knoxville, TN 37917
Private
KG - 8
Yes
10:1 STUDENTS/TEACHERS
0/10
Webb School of Knoxville
9800 Webb School Ln, Knoxville, TN 37923
Private
KG - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Knoxville Baptist Christian
2434 E 5th Ave, Knoxville, TN 37917
Private
1 - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Thackston School
2023 Lake Ave, Knoxville, TN 37916
Private
PK - 5
No
8:1 STUDENTS/TEACHERS
0/10
Knoxville Christian School
11549 Snyder Rd, Knoxville, TN 37932
Private
PK - 12
Yes
9:1 STUDENTS/TEACHERS
0/10
Berean Christian School
2329 Prosser Rd, Knoxville, TN 37914
Private
KG - 12
Yes
10:1 STUDENTS/TEACHERS
0/10
Christian Academy of Knoxville
529 Academy Way, Knoxville, TN 37923
Private
PK - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Freedom Christian Academy
4615 Asheville Hwy, Knoxville, TN 37914
Private
PK - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Cedar Springs Weekday School
9132 Kingston Pike, Knoxville, TN 37923
Private
PK - 1
Yes
17:1 STUDENTS/TEACHERS
0/10
Concord Christian School
11704 Kingston Pike, Knoxville, TN 37934
Private
KG - 12
Yes
15:1 STUDENTS/TEACHERS
0/10
University of Tennessee Early Learning Center
1206 White Ave, Knoxville, TN 37916
Private
PK - KG
No
10:1 STUDENTS/TEACHERS
0/10
Pride & Joy Children's Academy
4418 Kingston Pike, Knoxville, TN 37919
Private
PK - 3
No
5:1 STUDENTS/TEACHERS
0/10
Stanford Eisenberg Knoxville Jewish Day School
1529 Downtown West Blvd, Knoxville, TN 37919
Private
KG - 5
Yes
32:1 STUDENTS/TEACHERS
0/10
Garden of Discovery Learning Center
1601 Dandridge Ave, Knoxville, TN 37915
Private
PK - 2
Yes
8:1 STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
9/10
Karns Middle School
2925 Gray Hendrix Rd, Knoxville, TN 37931
Public
6 - 8
No
18:1 STUDENTS/TEACHERS
9/10
West Valley Middle School
9118 George Williams Rd, Knoxville, TN 37922
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
9/10
Farragut Middle School
200 W End Ave, Knoxville, TN 37934
Public
6 - 8
No
20:1 STUDENTS/TEACHERS
7/10
Cedar Bluff Middle School
707 N Cedar Bluff Rd, Knoxville, TN 37923
Public
6 - 8
No
18:1 STUDENTS/TEACHERS
6/10
Bearden Middle School
1000 Francis Rd, Knoxville, TN 37909
Public
6 - 8
No
16:1 STUDENTS/TEACHERS
5/10
Halls Middle School
4317 E Emory Rd, Knoxville, TN 37938
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
5/10
Whittle Springs Middle School
2700 White Oak Ln, Knoxville, TN 37917
Public
6 - 8
No
12:1 STUDENTS/TEACHERS
5/10
Holston Middle School
600 N Chilhowee Dr, Knoxville, TN 37924
Public
6 - 8
No
16:1 STUDENTS/TEACHERS
5/10
Gresham Middle School
500 Gresham Rd, Knoxville, TN 37918
Public
6 - 8
No
15:1 STUDENTS/TEACHERS
4/10
Northwest Middle School
5301 Pleasant Ridge Rd, Knoxville, TN 37912
Public
6 - 8
No
14:1 STUDENTS/TEACHERS
4/10
South Doyle Middle School
3900 Decatur Dr, Knoxville, TN 37920
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
3/10
Knox Adaptive Education Center
5719 Kingston Pike, Knoxville, TN 37919
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
3/10
Vine Magnet Middle School
1807 Martin Luther King Jr Ave, Knoxville, TN 37915
Public
6 - 8
No
11:1 STUDENTS/TEACHERS
0/10
Greenway School
544 Canton Hollow Rd, Knoxville, TN 37934
Private
6 - 8
No
9:1 STUDENTS/TEACHERS
0/10
The Episcopal School of Knoxville
950 Episcopal School Way, Knoxville, TN 37932
Private
PK - 8
Yes
9:1 STUDENTS/TEACHERS
0/10
Paideia Academy
10825 Yarnell Rd, Knoxville, TN 37932
Private
PK - 12
No
9:1 STUDENTS/TEACHERS
0/10
Annoor Academy
724 Foxvue Rd, Knoxville, TN 37922
Private
PK - 8
Yes
9:1 STUDENTS/TEACHERS
0/10
West End Academy
5311 Mckamey Rd, Knoxville, TN 37921
Private
PK - 12
Yes
4:1 STUDENTS/TEACHERS
0/10
Rivers Edge Christian Academy
5600 Western Ave # 2, Knoxville, TN 37921
Private
PK - 12
Yes
20:1 STUDENTS/TEACHERS
0/10
Grace Christian Academy
5914 Beaver Ridge Rd, Knoxville, TN 37931
Private
KG - 12
Yes
14:1 STUDENTS/TEACHERS
0/10
Natures Way Montessori School
4710 Murphy Rd, Knoxville, TN 37918
Private
PK - 8
No
9:1 STUDENTS/TEACHERS
0/10
St Joseph School
1810 Howard Dr, Knoxville, TN 37918
Private
PK - 8
Yes
11:1 STUDENTS/TEACHERS
0/10
Sacred Heart Cathedral School
711 S Northshore Dr, Knoxville, TN 37919
Private
PK - 8
Yes
15:1 STUDENTS/TEACHERS
0/10
First Lutheran School
1207 N Broadway St, Knoxville, TN 37917
Private
KG - 8
Yes
10:1 STUDENTS/TEACHERS
0/10
Webb School of Knoxville
9800 Webb School Ln, Knoxville, TN 37923
Private
KG - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Knoxville Baptist Christian
2434 E 5th Ave, Knoxville, TN 37917
Private
1 - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Knoxville Christian School
11549 Snyder Rd, Knoxville, TN 37932
Private
PK - 12
Yes
9:1 STUDENTS/TEACHERS
0/10
Berean Christian School
2329 Prosser Rd, Knoxville, TN 37914
Private
KG - 12
Yes
10:1 STUDENTS/TEACHERS
0/10
Christian Academy of Knoxville
529 Academy Way, Knoxville, TN 37923
Private
PK - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
New Pathways Academy
1531 Dick Lonas Rd, Knoxville, TN 37909
Private
8 - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Freedom Christian Academy
4615 Asheville Hwy, Knoxville, TN 37914
Private
PK - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Concord Christian School
11704 Kingston Pike, Knoxville, TN 37934
Private
KG - 12
Yes
15:1 STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
10/10
L N STEM Academy
401 Henley St, Knoxville, TN 37902
Public
9 - 12
No
15:1 STUDENTS/TEACHERS
9/10
Farragut High School
11237 Kingston Pike, Knoxville, TN 37934
Public
9 - 12
No
16:1 STUDENTS/TEACHERS
9/10
Bearden High School
8352 Kingston Pike, Knoxville, TN 37919
Public
9 - 12
No
18:1 STUDENTS/TEACHERS
7/10
Hardin Valley Academy
11345 Hardin Valley Rd, Knoxville, TN 37932
Public
9 - 12
No
18:1 STUDENTS/TEACHERS
6/10
Halls High School
4321 E Emory Rd, Knoxville, TN 37938
Public
9 - 12
No
21:1 STUDENTS/TEACHERS
6/10
West High School
3300 Sutherland Ave, Knoxville, TN 37919
Public
9 - 12
No
16:1 STUDENTS/TEACHERS
5/10
Karns High School
2710 Byington Solway Rd, Knoxville, TN 37931
Public
9 - 12
No
16:1 STUDENTS/TEACHERS
4/10
South-Doyle High School
2020 Tipton Station Rd, Knoxville, TN 37920
Public
9 - 12
No
15:1 STUDENTS/TEACHERS
4/10
Dr. Paul L. Kelley Volunteer Academy
3001 Knox Center Dr, Knoxville, TN 37924
Public
9 - 12
No
17:1 STUDENTS/TEACHERS
4/10
Austin-East Magnet High School
2800 M L King Jr Av, Knoxville, TN 37914
Public
9 - 12
No
9:1 STUDENTS/TEACHERS
4/10
Central High School
5321 Jacksboro Pike, Knoxville, TN 37918
Public
9 - 12
No
16:1 STUDENTS/TEACHERS
3/10
Knox Adaptive Education Center
5719 Kingston Pike, Knoxville, TN 37919
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
3/10
Fulton High School
2509 N Broadway St, Knoxville, TN 37917
Public
9 - 12
No
12:1 STUDENTS/TEACHERS
0/10
Paideia Academy
10825 Yarnell Rd, Knoxville, TN 37932
Private
PK - 12
No
9:1 STUDENTS/TEACHERS
0/10
West End Academy
5311 Mckamey Rd, Knoxville, TN 37921
Private
PK - 12
Yes
4:1 STUDENTS/TEACHERS
0/10
Rivers Edge Christian Academy
5600 Western Ave # 2, Knoxville, TN 37921
Private
PK - 12
Yes
20:1 STUDENTS/TEACHERS
0/10
Grace Christian Academy
5914 Beaver Ridge Rd, Knoxville, TN 37931
Private
KG - 12
Yes
14:1 STUDENTS/TEACHERS
0/10
North Knox Career and Technical Education Center
7411 Ledgerwood Rd, Knoxville, TN 37938
Public
9 - 12
No
STUDENTS/TEACHERS
0/10
Byington Solway Career and Technical Education Center
2700 Byington Solway Rd, Knoxville, TN 37931
Public
9 - 12
No
STUDENTS/TEACHERS
0/10
Webb School of Knoxville
9800 Webb School Ln, Knoxville, TN 37923
Private
KG - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Knoxville Baptist Christian
2434 E 5th Ave, Knoxville, TN 37917
Private
1 - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Knoxville Christian School
11549 Snyder Rd, Knoxville, TN 37932
Private
PK - 12
Yes
9:1 STUDENTS/TEACHERS
0/10
Berean Christian School
2329 Prosser Rd, Knoxville, TN 37914
Private
KG - 12
Yes
10:1 STUDENTS/TEACHERS
0/10
Christian Academy of Knoxville
529 Academy Way, Knoxville, TN 37923
Private
PK - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
New Pathways Academy
1531 Dick Lonas Rd, Knoxville, TN 37909
Private
8 - 12
Yes
11:1 STUDENTS/TEACHERS
0/10
Freedom Christian Academy
4615 Asheville Hwy, Knoxville, TN 37914
Private
PK - 11
Yes
9:1 STUDENTS/TEACHERS
0/10
Concord Christian School
11704 Kingston Pike, Knoxville, TN 37934
Private
KG - 12
Yes
15:1 STUDENTS/TEACHERS
0/10
Knoxville Catholic High School
9245 Fox Lonas Rd, Knoxville, TN 37923
Private
9 - 12
Yes
10:1 STUDENTS/TEACHERS
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Demographics
Data provided by Attom Data
Population
Employment
Population
396.3K
396.3K in 2020
Density
960.6
per square mile
Households
163.2K
28 With Children
Gender
49% / 51%
Men Vs Women
Occupancy
64% / 36%
Owned Vs Rented
Age Median: -- Years
No Data
Education Level
No Data
FAQs
To help you make informed decisions, we've compiled answers to some of the most commonly asked questions.
How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan and your financial situation. While 20% is a common benchmark, many buyers put down less—some conventional loans allow as little as 3%, and FHA loans require just 3.5%.
What's included in my monthly mortgage payment?
Your monthly mortgage payment typically includes principal, interest, property taxes, and homeowners insurance (often abbreviated as PITI). Depending on your loan, it may also include private mortgage insurance (PMI), homeowners association (HOA) fees, or other costs.
What is a 2-1 buydown, and how does it work?
A 2-1 buydown is a type of mortgage financing that temporarily lowers your interest rate for the first two years of the loan. In the first year, your rate is reduced by 2%, and in the second year, it's reduced by 1%. After that, your rate adjusts to the original agreed-upon rate for the remainder of the loan.
Who pays for the 2-1 buydown—the buyer, the seller, or the lender?
The cost of a 2-1 buydown can be paid by the buyer, seller, or lender, depending on the agreement. Often, sellers offer to pay for the buydown as an incentive to attract buyers, especially in a slower market. Buyers can also choose to pay for it themselves if they want lower initial payments.
What are closing costs, and how much should I expect to pay?
Closing costs are fees associated with finalizing your home purchase, including loan origination fees, title insurance, appraisal fees, and more. They typically range from 2% to 5% of the home's purchase price. Some costs may be negotiable, and in certain cases, sellers may agree to cover part of them.
How does my credit score affect my mortgage rate?
Your credit score plays a significant role in determining your mortgage rate. A higher score typically qualifies you for lower interest rates, which can save you thousands of dollars over the life of your loan. If your score is lower, you may still qualify for a loan, but at a higher rate.
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