Affordable Mortgage Low Down Payment Program
Buy a home with as little as 1% down1.
Our Affordable Mortgage Program (AMP) can help qualified borrowers become homeowners by financing up to 99% of the home's value. With a fixed-rate loan, lender contributions and access to eligible assistance programs, buying a home without a large down payment may be more attainable than you think.About the Affordable Mortgage Program
Up to 99% Financing
As little as 1% down and a fixed-rate mortgage for qualifying borrowers1.
Multiple Home Types
Available for primary residences including manufactured homes and condominiums.
Two Ways to Qualify
Earn up to 80% of the area median income or buy a home in a low-to-moderate-income area.
Funds for Repairs
Combine with our HomeFresh program to finance repairs and upgrades up to 105% of the home’s value.
Your path home starts with a conversation.
If saving for a big down payment is delaying your dream of buying a home, let’s talk. Our friendly, experienced mortgage loan officers can help you explore financing options designed to make buying a home more affordable.
Make your new house feel more like home.
Need to tackle repairs or updates after you move in? Our HomeFresh2 financing can help qualified borrowers make improvements sooner, so you can settle into a home that better fits your needs.
- Borrow up to $50,000 or 10% of your home's value, whichever is less, for eligible property improvements.
- Combine HomeFresh with our Affordable Mortgage home loan for total financing up to 105% of the home's value.
- Use eligible gifts or down-payment assistance funds, subject to program requirements.
More homebuying resources and insights:
Your guide to home loans
If you’re ready to buy, read our blog to understand each step of the home loan process.
I want to buy a home, part 1
Learn the four important steps you should take before starting the homebuying journey.
How much home can I afford?
Use this calculator to see how much your monthly mortgage payments will be.
1
Borrower must contribute at least $500 which may come from a gift, grant or down-payment-assistance program. Seller may contribute a portion of the purchase price toward closing costs. Specific requirements, including mortgage insurance, may apply.
2
HomeFresh must be combined with our Affordable Mortgage Home Loan.