Conventional 1% Down Program

Make homeownership more attainable with the Conventional 1% Down Program. Designed to help more borrowers achieve the dream of owning a home, this program allows qualified buyers to contribute as little as 1% down, while the lender covers an additional 2%, giving borrowers a total of 3% equity at closing.

EXAMPLE:
$350,000 Home Sale Price
$3,500 Borrower Down Payment Required
$10,500 Maximum Seller Contribution

Loan Highlights:

  • Maximum Sale Price $350,000
  • No First-Time Buyer Requirement
  • Borrower(s) Income Less Than $81,600*. Income restrictions apply, must be below 80% of the Area Median Income (AMI)
  • 620+ FICO™ Score
  • 3% Seller Contributions Allowed

This program is ideal for first-time and low-to-moderate income buyers who need help overcoming the hurdle of a large down payment. Partner with a HomeRock Mortgage professional to see if you qualify!

*$81,600 Based on select Houston Area Average Median Household Income. See if property qualifies with Area Median Income (AMI)

This is a seasonal item, contact us to see if it is currently available.