1% Down Payment Conventional Mortgage

The lowest down payment program offered on a conventional loan product. The 1% Down Payment Conventional Mortgage is here! Buying with a low down payment has never been easier. 1% down payment and a 2% gift from the lender gives you an immediate 3% equity position! This program is designed for those with good credit and moderate income but lacking a big down payment. Get pre-approved today in less than 5 minutes!

Unlike an FHA mortgage, this program requires less down and has an option to avoid paying monthly mortgage insurance. 

Program Highlights

  • 1% down payment CAN be gifted
  • 30 year fixed rate
  • 2% gift from the lender does NOT need to be paid back
  • No monthly mortgage insurance option

Qualifying                                                                                Apply Now

  • Primary residence only (no manufactured)
  • Max Loan amount of $424,100
  • Max 43% DTI ratio
  • 700+ FICO score
  • Non-Occupying co-borrowers not allowed
  • Cannot own other property
  • You do not need to be a first time home buyer but there is a home buyer education class required if you are



 Let’s Get Started!

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Income Limits

The 1% Down Conventional Mortgage program has Income Limits which is 140% of the area median income (AMI) limit.
Click here to search the income areas using the property address. Income limits are set by census tract and address, not by the county.


Frequently Asked Questions

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