How the 1% Down Payment Assistance Can Help You Qualify for a Home on a Conventional Loan

Saving for a down payment is one of the biggest challenges for homebuyers—but it doesn’t have to be. With our 1% down payment assistance program, you can get into a home using a conventional loan with less money out of pocket—and without a second loan or needing to be a first-time buyer.

Here’s How It Works

You contribute just 1% of the purchase price, and our program provides up to $7,000 in assistance to help you reach the required 3% minimum down payment on a conventional loan.

• ✅ No repayment

• ✅ No second lien on your home

• ✅ No hidden fees

Key Benefits

🔑 Easier to Qualify

Putting down only 1% can help you qualify for a home sooner, instead of waiting to save thousands more. For example, on a $250,000 home, your portion is just $2,500.

🔑 Not Just for First-Time Buyers

You don’t need to be a first-time homebuyer to qualify. Whether you're buying your first home or your next one, this program could work for you.

🔑 Conventional Loan Advantages

This assistance pairs with a conventional loan—meaning you can take advantage of:

• Lower mortgage insurance costs (compared to FHA)

• Better long-term equity growth

• Flexible property types and occupancy options

🔑 Income-Based Eligibility

To qualify, your income must fall below the limits for your county—but many buyers are surprised to find they do qualify.

Ready to See If You Qualify?

At Elite Mortgage Advisors, we specialize in helping homebuyers use creative, affordable solutions to get into the right home with the right loan.

Let’s run the numbers and check your eligibility based on your location and income.

👉 Give us a call to see if qualify - 7863803859.

You could be closer to homeownership than you think—with just 1% down.