Dream. Plan. Home. Mortgage

A low down payment mortgage may put your dream home within reach

With a down payment as low as 3% for eligible buyers, the Dream. Plan. Home.SM mortgage may also be layered with other grants and credits that assist with down payment and closing costs.


A flexible mortgage to fit your budget

A 3% down payment on a fixed-rate mortgage is available to eligible borrowers at or below 80% of area median income (AMI). With a low-down payment loan, mortgage insurance will be required, which increases the cost of the loan and will increase your monthly payment. 

We’ll explain the options available, so you can choose what works for you. Talk with a home mortgage consultant about loan amount, type of loan, property type, income, first-time homebuyer, and homebuyer education requirements to ensure eligibility.  

Layer with other assistance and gift funds

This low-down payment home loan may be combined with savings, cash gifts from family, and other programs that assist with down payment and closing costs like Neighborhood LIFT and the Dream. Plan. Home. closing cost credit in available markets.

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Get more information about saving for a down payment and what to expect in closing costs.

Talk to a mortgage consultant to learn more.

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Mortgage Insurance Premium

A financial obligation a borrower pays to either the FHA or a private insurer to insure the mortgage lender against loss from a borrower’s default. Upfront and monthly mortgage insurance is required on FHA and monthly mortgage insurance is typically required on conforming loans when the down payment is less than 20%.

Area median income

Area median income (AMI) is the middle income in the range of incomes across a specific population, half the population with income above AMI and the other half having income below that amount.