Where you are looking to live may make a difference in your interest rate. The FDM Community Loan Program is designed to spur homeownership in targeted Census Tracts. Increased rates of homeownership creates stronger community ties leading to lower crime rates. Increased rates of homeownership also leads to improved civic engagement, increased investment in the community and support for the local schools. The FDM Community Loan Program offers mortgage interest rates up to a full 1.0% below market rates. There are no income limits or 1st time buyer requirements. The FDM Community Loan Program is based on Census Tract only fostering homeownership in these markets. Before you make an offer for your new home, contact your FDM Mortgage Professional to determine if the property qualifies for the FDM Community Loan Program. A below market rate may be available.
