Homeownership Starts with 1% Down
Program Overview:
Our 1% Down Program makes homeownership more accessible by allowing qualified homebuyers to contribute just 1% toward the down payment, while our lender provides an additional 2% of the purchase price (up to $7,000) - helping you secure the total 3% down payment required for your dream home. This program not only lowers the funds needed at closing - it also help homebuyers save more money on hand for furnishings, repairs, and other move-in expenses.
Eligibility & Terms:
- Income: Must be at or below 80% of the Area Median Income (AMI)
- Credit Score: Must be 620 or higher
- Occupancy: You must occupy the property as your primary residence
- Property Type: Available for 1-unit properties only
- Loan Type: Conventional loans only
- Down Payment Assistance: 2% of the property value (up to $7,000)
- Purchase Price: Ideal for homes priced at or below $350,000
Disclosures: This is not a commitment to lend. Loan terms, availability, and requirements are subject to change without notice and may vary by lender. All loans are subject to credit review, underwriting approval, and program guidelines. We encourage all borrowers to contact our Loan Officers to confirm eligibility and discuss the best financing options available.
