Why a 1% Down Conventional Home Loan Could Be Your Best Move
What Is a 1% Down Conventional Loanand Why It Could Be a
Game-Changer
Think buying a home has to mean draining your savings? Not here.
With a 1% down conventional loan, you bring just 1% of the purchase price, while your lender chips in 2% as a grant—giving you the full 3% needed to qualify for conventional financing through Fannie Mae or Freddie Mac. No FHA hoops. No magic tricks. Just a smarter way in.
🏡 Who's This Best For?
This loan fits people who:
Are done renting and ready to own
Have a credit score of 620 or higher
Earn up to about 80% of local Area Median Income (AMI)
Plan to live in the home themselves (a primary residence)
Don’t want to empty their savings just to qualify
It’s designed for people who can responsibly manage a home, but haven’t had time to build a massive down payment—or aren’t getting family help.
💰 Why It’s a Better Move Than You Think
Imagine this: You're buying a $300,000 home. Instead of paying $9,000 or more upfront, you pay just $3,000, and the lender provides the rest.
You're on a conventional path, so you’ll build equity faster, can recast and cancel PMI sooner
You keep your cash for real life, furniture, an unexpected bill, or even a spontaneous weekend getaway
You step into homeownership faster, no years spent saving for 10–20% down
📝 How the Application Works
Hit “Apply Now” and complete the quick online form
Upload standard docs like pay stubs, ID, proof of income
Get pre-approved to shop with confidence
Ready your offer knowing your loan is solid
Close soon, usually in 3–4 weeks
🔗 [Download Our Program Flyer]
📊 Check Payments with Our Mortgage Calculator
✅ Qualification Essentials
Here’s what you’ll need:
A 620+ credit score
Household income at or below 80% AMI
A single-family home to live in
A loan amount that falls within conforming loan limits
If you check those boxes, this loan could be your gateway.
🧠 Pro Tips to Nail Your Approval
Quiet down the credit card use, lower balances before applying
Hold off on new debt or big purchases, it affects your DTI ratio
Be preapproved early, once the dream home comes along you are ready to move
Work with a loan officer experienced in 1% programs
Ask for a pre-approval letter, it gives you power in competitive offers
⚠️ What You Should Know Beforehand
If home values decline after closing, low starting equity means more risk
Lender participation and guidelines can vary, check current terms
It’s not a guarantee, but for many, it’s a clear path to homeownership
💬 Hear It From Others Like You
From r/FirstTimeHomeBuyer:
“For conventional loans, don’t you have to put down at least 20%?”
“They only had me put 1% down. Which wasn’t even offered to me at first by another lender.”
People were surprised it existed, but once they learned the option was available? Game changer
And from someone sharing on another subreddit:
“I got a conventional loan with 3% down payment... my cash to close was about $7 K on a $250 K home with a solid income.”
Conventional can work with low down—if you know the right program
🎯 Bottom Line: Make the Smart Move Sooner
If you qualify, the 1% down conventional loan could make owning a home feel achievable—without wiping out your savings. It’s practical, well-supported, and built to let you invest in the life you want faster.
🚀 Ready to Explore?
✅ [Download the Program Flyer] for all the details
✅ [Apply Now] to see if you qualify
✅ [Use the Mortgage Calculator] to plan your budget
