The FDM Payment Power Program is a lender-paid one-year mortgage buydown providing meaningful savings and improved affordability during the first year of homeownership. Under this program, the FDM funds a temporary reduction in the borrower’s payment rate, typically by 1 percentage point for the first 12 months, resulting in lower monthly mortgage payments during the initial period of the loan. This can help ease the transition into homeownership by freeing up cash flow for moving expenses, home improvements, furnishings, or building emergency savings. As buyers continue to navigate a higher-rate environment, the FDM Payment Power offers an attractive way to reduce upfront housing costs without requiring additional funds from the borrower at closing, while still preserving the option to refinance in the future if market rates decline.
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