Buy a Home with Just 1% Down and get up to a 2% Lender Gift towards your down payment. Buying a home has never been more affordable with our low down payment Conventional Mortgage.
Unlike Down Payment Assistance programs, such as MSHDA, there is no 2nd mortgage required. This is a true gift at the closing from the lender that is applied to the down payment. This give you 3% equity at the closing!
This program is available through our Freddie Mac HomePossible mortgage which offers low fixed rates on 10 year to 30 year mortgage loans.
1% Down Mortgage
This Program allows homebuyer to put down 1% and get a lender credit up to 2% of the purchase price towards closing. Terms and conditions apply for approval.
Get Pre-Approved for a 1% Down Home Loan
To get started with our low down payment mortgage simply call a licensed loan officer at 800-555-2098 or request information below. You will supply some basic information to confirm you meet the income, credit and asset requirements for the program. If everything looks good, you will be given an Pre-Approval Certificate so you can start shopping for a home!
EXAMPLE DETAILS: The principal, interest and MI payment on a $200,000 30-year Fixed-Rate Loan at 5.875% and 97% loan-to-value (LTV) is $1,243.08. The Annual Percentage Rate (APR) is 6.428% with estimated finance charges of $5,600. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 04/13/2023. Subject to borrower approval. Some exclusions may apply.
