Conventional 1% Down

Get into a house sooner by reaching the down-payment savings goal faster with only 1% down!
If your income qualifies all you will need is to put 1% down – the lender will pay an additional 2% toward the down payment, up to a maximum of $4,000, for a total of 3% down based on the lesser of purchase price or appraised value.
Qualifying income for the loan must adhere to 80% or less of the area median income.
2% Lender Funded Down payment will be capped at the lesser of 2% or $4,000 based on the lesser of purchase price or appraised value.
Borrower paid or Lender paid mortgage insurance options are available.
No requirement to be a first time homebuyer. However if all occupying borrowers are first time homebuyers (defined as no interest in any property in the last 3 years), First Time Home Buyer Counseling is required from lender approved sources.
Escrow account required.
Certain Restrictions Apply