The 1% down program provides eligible homebuyers the option to put just 1% down and have our lending partner, UWM, cover an additional 2% up to $7,000, for a total of 3% down. This down payment assistance program is an incredible way to make your dreams of homeownership happen sooner, while saving money you could use for furniture, move-in costs, or other expenses.
Guidelines:
- Product is for borrowers who have an income at or below 80% of Area Median Income (AMI)
- Purchase only
- Must have 97% loan-to-value; UWM pays the lesser of 2% or up to $7,000 of the total 3% down payment.
- 620+ FICO
- A total of 3% down payment is required. Borrower brings in as low as 1% down payment, and UWM pays the lesser of 2% or up to $7000. If the $7000 max does not equal 2% of the down payment, the borrower will be required to bring in the difference for a full 3% down payment.
- Up to conforming loan limits
- LPA or DU for eligibility
- Follows Home Possible® and HomeReady® guidelines.
Don’t miss this unique opportunity to overcome the most common obstacle to home ownership: the down payment.
The principal, interest and MI payment on a $200,000 30-year Fixed-Rate Loan at 6.625% and 97% loan-to-value (LTV) is $1,370.62. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 06/10/25. Subject to borrower approval. Some exclusions may apply.
