Buy a Home with Just 1% Down – Yes, It’s Possible!

freddy
19 minutes ago
2 min read

An incredible opportunity to help with home affordability.

If you’ve been dreaming about owning a home but thought saving for a down payment was out of reach, I’ve got great news. A new program is making homeownership more affordable than ever — and it might be the game-changer you've been waiting for.

Introducing the 1% Down Conventional Loan Program

This incredible new opportunity allows qualified buyers to put down just 1%, and get an additional 2% from the lender (UWM) — up to $7,000 — to complete a full 3% down payment. That means you can step into homeownership with far less out of pocket.

Here’s how it works:

✅ You bring 1% down

✅ UWM contributes 2% (or up to $7,000)

✅ Total = 3% down payment

This is a fantastic option for first-time and budget-conscious buyers looking to get into a home faster and with fewer financial hurdles.

Who Qualifies?

This product is designed to help buyers who need it most:

Your income must be at or below 80% of your Area Median Income (AMI)
You’ll need a 620+ credit score
This is for purchase transactions only (sorry, no refinances)
Must be at 97% loan-to-value (LTV) or lower
Available for homes within conforming loan limits
First time homebuyer; no homeownership in the last 3 years

Plus, it follows the flexible guidelines of HomeReady® and Home Possible®, which are known for helping buyers with modest incomes.

Why This Program Rocks for Homebuyers

Aside from the obvious benefit of needing less money upfront, this program lets you:

Keep more cash on hand for furniture, moving expenses, or even home repairs
Start building equity sooner by reaching your down payment savings goal faster
Use the savings to buy down your interest rate — reducing your monthly payments over time

And yes — temporary rate buydowns are available if you're looking for an even smoother landing into homeownership.

Bottom Line:

If you’re looking to buy a home but don’t have a big down payment saved up, don’t count yourself out. This 1% Down option could open the door to the home you’ve been waiting for — without draining your bank account.

Ready to find out if you qualify? Let’s talk!