Conventional 1% Down Payment Mortgage Program
Get a great rate with a low down payment
Finding a low or no money down mortgage program that fits your needs is not always easy. With a VA loan you have to be a qualifying member of the Armed Services. With a USDA loan your property has to be located in a USDA eligible area. And, with FHA financing, you typically need at least a 3.5% down payment. At Empower Capital Group, we may have the perfect alternative, Conventional 1% Down with Equity Boost.
Here’s how it works…
- Borrower puts down 1%
- The lender contributes another 2% for the down payment
- By combining the borrower and lender down payments, there is now 3% equity in the home and the property can be financed through a conventional loan
- Borrower may be able to avoid Mortgage Insurance (MI) while still getting a competitive interest rate.
Ready top learn more? Contact us today for a free quote and home loan consultation
Learn more about various low and no money down mortgage programs
offered through Empower Capital Group.