An Incredible Opportunity To Help With Home Affordability.
It’s exciting when a loan product can help you can offer a Conventional 1% Down program – and we can! When income-qualified borrowers put 1% down, our lender pays an additional 2% toward the down payment, up to $4,000, for a total of 3% down. This program make home ownership more affordable for buyers!
This conventional 1% down program is available through March 31, 2024.
How It Helps You
- Lower down payment
- Get into a house sooner by reaching the down-payment savings goal faster
- More money for furniture, house repairs and maintenance
Borrower Qualifications
- For borrowers with income at or below 80% of the Area Median Income (AMI)
- 620+ FICO
- 30-year fixed loans with an LTV of 97%
- The buyer must occupy the property as their primary residence
Certain restrictions (of course) apply:
- Information subject to change.
- Subject to borrower approval.
Still have questions? Great – we love questions!
- Call us at 503.661.5580 or
- Submit a question on our Contact Us page or
- Email us at info@stone-bridge.com
