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Lower your rate and save with our buydown program.

Are you waiting for interest rates to lower before you buy? We have a better idea — reduce your rate now with our Deflate the Rate program!

How is that even possible? Deflate the Rate is a temporary buydown program from Embrace® that allows you to get a reduced rate — lowering your monthly payments — for the first couple years of your mortgage.

How does it work? It’s like paying points to get a lower rate, only you don’t pay. The seller pays the upfront fee for you. It’s a great way to move into a home you love today. And down the road when rates shrink, you can refinance to an even lower rate.

With Deflate the Rate, you can:

  • Reduce your monthly mortgage payments for the first one to three years*
  • Save interest during the life of the buydown
  • Put more upfront money into savings
  • Start building equity sooner

Don’t slow down your home purchase. Reach out today, and we’ll help you lower your rate and move ahead at full speed.

Deflate the rate

The buydown amount depends on the amount contributed by the seller. The borrower remains responsible for the full amount of the monthly payment if, for some unforeseen reason, the buydown funds are not forthcoming.

*Assumptions. The monthly payment on a $300,000 30-year fixed-rate mortgage at an interest rate of 6% with an 80% loan-to-value (LTV) would be $1,799 with 2 points due at closing and an Annual Percentage Rate (APR) of 6.255%. Payment does not include taxes, insurance premiums, and certain other fees that will result in a higher monthly payment. Assumptions are based on current market rates and other factors. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, it will increase the APR and monthly payment. Terms are subject to change without notice and may not be available at the time of application. Loan amount and other restrictions may apply in certain areas.

Frequently asked questions

Are there any disadvantages?

Nope. It’s a great way to move into a home you love today. And down the road when rates tumble, you can refinance with an even lower rate — without any penalties.

It’s similar to paying points in order to get a lower rate, only you don’t pay. The seller or lender pays the upfront fee for you, and it’s put into an escrow account. Depending on the program you choose, you could lower your rate 3%, 2%, or 1% a year.

If you’re looking for lower payments for the first few years of your mortgage — that’s exactly what you’ll get. If you like saving money on interest — bingo. That happens, too.

Think you’ll want extra cash to buy furniture or window treatments for your new home? You’ll have it. Do you anticipate making more money a couple years down the road? Are you a stay-at-home parent planning to return to work soon? In each of these situations, Deflate the Rate is ideal.

With Deflate the Rate, our new temporary buydown program, you can get a reduced rate for the first one to three years of your mortgage. This results in lower monthly payments and long-term savings.

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