We are not aware of any FHFA program called a '1.75% mortgage rate discount,' so the first job is pinning down what that figure actually refers to. The most likely source of confusion is FHA's upfront mortgage insurance premium, which is 1.75% of the loan amount. That is a one-time premium FHA charges, and while most borrowers finance it into the loan, you can also pay it in cash at closing. Either way, no rate discount is involved. The mix-up happens because 1.75% is a memorable number that shows up constantly in FHA marketing and calculators. One more piece of context: FHFA (the Federal Housing Finance Agency) oversees Fannie Mae and Freddie Mac, and it periodically adjusts the loan-level price adjustments that shape conventional pricing by credit score and down payment. Those are pricing tweaks to conventional loans, and none of them is a standalone consumer discount you apply for. If you can tell us exactly where you saw the '1.75% discount,' whether an ad, a lender, or an article, we can tell you which of these it really is and whether it helps you. Decoding a headline number like that is a fine use of the free Roadmap conversation, so you compare real programs instead of marketing.