Rate Drop Pledge

5-Year Rate Drop Pledge PLUS

The mortgage market has changed and so have interest rates.

Freedmont Mortgage is offering the perfect solution to get buyers off the fence and into homes while they can purchase at fair market value, before rates drop and they’re paying over list price again.

Freedmont Mortgage has a solution that gets buyers into a home now with a lower temporary rate, knowing they can refinance later when rates drop. The new Rate Drop Pledge PLUS program offers:

Interest Rate Buydown
(1 or 2 Years)*

Sellers contribute money to lower the buyer’s interest rate.


Rate Drop Pledge**

Buyers can purchase now and refinance up to 5 years later with no lender fees PLUS appraisal reimbursement.

Federal Reserve policymakers anticipate federal funds interest rates will trend downward in the future, as indicated on page 4 of their dot plot chart (each dot records a Fed official’s median interest rate projection). The easing of Federal Reserve monetary policies/rates indirectly helps improve mortgage rates.

Fast & Easy Refinance • No Lender Fees • Appraisal Reimbursement

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* Reduction in payment is the result of builder or seller concessions used to buy down the rate and are not guaranteed by Freedmont Mortgage. 5% down payment is the responsibility of the borrower. Available for fixed-rate conventional, VA, USDA, and FHA loans. For new or existing home purchases only.

** Rate Drop Pledge is subject to the refinancing of an outstanding purchase loan originated by Freedmont Mortgage between October 17, 2022 and December 31, 2022 that is secured by the same property upon which that borrower previously received from Freedmont Mortgage . Rate Drop Pledge is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs, down payment assistance programs or personal loans (i.e., loans that are not secured by the property). The Rate Drop Pledge may only be used one time by submitting an application directly to Freedmont Mortgage once six satisfactory mortgage payments have been made. Offers vary and are subject to change without notice. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan.