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The 1% Down Program by
Simpler Home Loans
Buying A Home Just Got A Whole Lot Simpler.
Put Down As Little As 1% And Get Into A Home
Lower Mortgage Insurance
Do Not Need To Be A 1st Time Buyer
No Additional Underwriting Required
Requirements for the 1% Down Program
$350,000
MAX
LOAN AMOUNT
620 ≥
MINIMUM
FICO SCORE
PRIMARY HOME
SINGLE FAMILY, TOWN HOUSE, OR CONDO
MUST MAKE ≤ 80%
Must make less than or equal to 80% of the median income in the area in which you want to buy. For instance, if you live in Fulton County, Georgia the median income is $102,900. Your base income (not including OT, bonus, etc.) must be equal to or less than $82,320 to qualify. ($102,900 x 80% = $82,320). You can look up your area’s median income with Fannie Mae’s lookup tool.
CONVENTIONAL LOAN
MUST QUALIFY UNDER FANNIE MAE OR FREDDIE MAC GUIDELINES
Want To See If You Qualify?
Navigating all the different types of home loans can get complicated. Let one of our Mortgage Advisors help make its Simpler. Click on the calendar icon at the top to schedule a 15 minute call to find out what programs you qualify for. We look forward to guiding you through your home loan journey.