Conventional 1% Down Payment Assistance Program

Conventional 1% Down Payment Assistance Program. This program is designed to help borrowers with down payment funds. The program does have income requirements based on 80% of the Average Medium Income for the county: https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map

Example: Montgomery County 80% Area Median Income: $72,640

Ready. Set. Home. Move In With 1% Down

  • You put 1% down and your lender pays an additional 2%, for a total of 3% down
  • Use gift funds for your entire down payment
  • Keep more money in your pocket for furniture, house repairs and maintenance

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HOW IT HELPS YOUR BORROWERS

  • Qualify with income at or below 80% of the AMI
  • Lower down payment
  • Get into a house sooner by reaching the down-payment savings goal faster
  • More money for furniture, house repairs and maintenance

BORROWER QUALIFICATIONS

  • For borrowers with income at or below 80% of the Area Median Income (AMI)
  • 620+ FICO
  • 30-year fixed loans with an LTV of 97%
  • Eligible for primary purchases only

Contact us today to review your loan options! We’re always here to help.