1% Down Conventional Loans
Additional Information
One of our lenders has launched an incredible First Time Homebuyer Program that outshines the competition! Read on for some highlights and essential information. The next step is to set up a quick 15-minute call to help you get qualified and ready to take advantage of this opportunity.
This program features 1% down mortgages on conventional loans up to $350,000, which is a significant improvement over the typical 3% down minimum for conventional loans. Buyers only need to put down 1%, with the lender providing an additional 2% as a grant. Save that extra 2% for purchasing essentials for your first home!
First time buyers must qualify and have an income below 80% of the median income for the county where the property is located. Check with us to find out the specific income limits.
To qualify for this first time homebuyer program, you need a credit score of 640 or higher, confirmed by Fannie Mae's Desktop Underwriter automated system with an approve/eligible finding. Don’t worry, we're here to handle that for you.
Additionally, when you qualify for this program, you also benefit from reduced loan level pricing adjustments typically charged on other conventional loans. This results in no additional costs compared to other typical programs, giving you substantial savings.
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The nest step is a 15 minute call to see if you meet the qualification for this program. Even if you have been pre-approved elsewhere, this program is a money saver that should be looked at.