We now offer an exclusive 0% Down Purchase program.

Simply put, qualified borrowers / buyers receive a 3% down payment assistance loan, up to $15,000. This allows you to get into a home right now with no down payment.

Here’s how it works:

• First lien mortgage meets LTV requirements
• We provide a second lien mortgage for 3% of the purchase price, up to $15,000
• Second lien has no monthly payment requirement and no interest
• Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first
• Payments on the second lien can be made throughout the loan term, but are not required

How borrowers / buyers qualify:

• Borrowers must be at or below 80% of the Area Median Income (AMI) for the address of the property they are buying and meet Home Possible® guideline requirements
  • For very-low income borrowers whose qualifying income is at or below 50% AMI (VLIP borrowers), they will receive a $2,500 credit as part of the 3% assistance
    • This credit does not need to be repaid by the borrower and lowers their debt obligation from the second lien
  • 620+ FICO and LTV must be equal to or greater than 95% LTV, up to 97%

—OR—

• At least one borrower must be a first-time homebuyer and meet HomeOne® guideline requirements
  • First-time homebuyer is defined as someone who has not had ownership interest in a home in the last 3 years
  • 700+ FICO and LTV must be greater than 95%, up to 97%

Our exclusive 0% Down Purchase program is a powerful tool designed to benefit more borrowers / buyers to get into homes.