How the 1% Down Payment Program Is Helping Buyers and Boosting Listings
If you’ve been on the fence about buying a home because of rising costs, this may be the solution you’ve been waiting for. A new 1% Down Conventional Loan Program is changing the game for homebuyers — and listing agents should take notice too.
What Is the 1% Down Conventional Program?
This program lets eligible buyers contribute just 1% toward their down payment, while the lender contributes the remaining 2% (up to $7,000) to complete the required 3% minimum. There’s no second lien, no repayment, and no strings attached. Just a lender-backed boost to help make homeownership more accessible.
Basic Requirements:
Income at or below 80% of the Area Median Income (AMI)
620+ credit score
Purchasing a primary residence
Not limited to first-time buyers
Why This Matters for Buyers
Most homebuyers say the down payment is their biggest hurdle. With this program, not only is that burden reduced — it also opens up a smarter way to structure their finances.
For example, imagine a buyer who had saved $8,000 for a down payment. With this program, they only need to contribute 1% — potentially just $3,000. That frees up thousands of dollars to pay off high-interest debt like credit cards or personal loans. Doing that could lower their debt-to-income (DTI) ratio, raise their credit score, and possibly even qualify them for better loan terms.
It’s not just about scraping together cash. It’s about strategic financial planning that gives buyers more options and long-term savings.
Why This Matters for Listing Agents and Sellers
This isn’t just a buyer program — it’s a marketing advantage.
Sellers and listing agents can now advertise homes as eligible for 1% down financing — which is a powerful hook in today’s competitive market.
With more buyers priced out due to higher rates and rising costs, this program puts more people back in the game. More qualified buyers mean:
More traffic to your listings
More showing requests
More serious offers
And potentially faster sales
It’s a win-win strategy that makes your listing stand out and helps more families move in.
This is a limited-time program — Let’s see if you qualify before it’s gone.
Reach out today to get pre-approved or to learn how this could help your listings stand out.
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