An incredible opportunity to help with home affordability.
You now have the opportunity to purchase a home with as little as 1% down. With this new program, you contribute 1%, and our investor will provide an additional 2%—up to $7,000—covering the full 3% down payment needed. This program is available to borrowers with an Area Median Income (AMI) of 80% or less and is designed to make homeownership more accessible.
Here’s how it benefits you:
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Keep more of your savings for other important expenses like furniture, moving costs, home improvements, or even lowering your interest rate for long-term savings
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Reach your down payment goal faster and move into your new home sooner
It’s a powerful way to reduce upfront costs and make your path to homeownership smoother and more affordable. Let’s get started!
Product Details
•This product is for borrowers who have an income at or below 80% of the Area Median Income (AMI) •Purchase only •620+ FICO •Must have 97% LTV •Our investor pays the lesser of 2% or $7,000 of the down payment •Our borrowers pay 1% of the down payment (or remaining down payment needed if 2% exceeds $7,000) •Loan amounts up to conforming loan limits •Follows Home Possible® and HomeReady® Guidelines •Temporary Rate Buydowns available
The principal, interest and MI payment on a $200,000 30-year Fixed-Rate Loan at 6.625% and 97% loan-to-value (LTV) is $1,370.62. 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 06/10/25. Subject to borrower approval. Some exclusions may apply.