Conventional 1% Down Program

Conventional 1% Down Program: An amazing new program to help you 1 step closer to purchasing!

This loan program is a lender-paid down payment assistance grant that allows income-qualified borrowers to put 1% down and UWM will pay the additional 2% toward the down payment, up to $4,000, for a total of 3%, it can be any purchase price as long as the income requirement is met.

The Borrower Income Requirement is limited to 80% of the county Area Median Income:
Example: Montgomery County 80% Area Median Income: $72,640

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*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

*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


For more information about Conventional loans, their benefits and loan options and how it may apply to you, please contact us direct or submit the quick quote form on this page.