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, gift funds from family, and other programs that assist with down payment and closing costs like the Dream. Plan. Home. closing cost credit in available markets.
Learn more
Get more information about saving for a down payment and what to expect in closing costs.
Talk to a mortgage consultant to learn more.
