First Home Reduced Mortgage Rate

Cut into the monthly payment barrier for first-time homeowners by guaranteeing fixed reduction from the lenders

- Guarantees a 2.00-point lower mortgage rate than the lender’s offered fixed rate for first-time buyers or those who haven’t owned a property in over 10 years.

- Eligibility applies only to primary residences purchased by first-time homeowners within local conforming limits.

- Funding supported by a federal rate-buydown program administered through FHA

- Safeguards that Includes price caps, occupancy requirements, and early-sale repayment rules to prevent speculation or abuse.