Big Opportunity, Small Down Payment: The 1% Down Conventional Loan
This conventional program helps you get into a home with less cash upfront, whether you're a first-time buyer or not
At Elite Mortgage Advisors, we’re all about helping buyers get into homes with smart, affordable solutions—and the 1% down conventional loan is one of the best out there right now.
With this program, you only need to bring 1% of the purchase price to the table. That’s right—just 1%. The lender contributes an additional 2%, giving you a total of 3% down to meet standard conventional loan guidelines.
Key Benefits:
✅ Not Just for First-Time Buyers – This program is open to more than just first-time buyers, which means more flexibility for repeat homebuyers looking for a low down payment option.
✅ No Second Loan or Hidden Strings – This isn’t one of those layered deals with a silent second mortgage. There’s no extra loan to repay later—just a straightforward, single mortgage with competitive rates.
✅ Lower Out-of-Pocket Costs – You can preserve your savings for closing costs, furniture, or just peace of mind.
✅ Conventional Guidelines – This is still a conventional loan, meaning you can cancel PMI down the road, potentially refinance easier, and benefit from more favorable underwriting.
If you’re ready to buy but short on funds for a big down payment, this program might be exactly what you’ve been waiting for.
Let’s talk today and see if you qualify!