the 1% Down purchase!
What if your down payment requirement were only 1% and we provide an additional 2%?
How about NO mortgage insurance?
That's 3% down with no PMI!
We’re making homeownership a reality for more potential home buyers. You put down 1% and we will cover the other 2%. You get all the benefits of a 3% down payment and NO PMI!
Who is eligible?
Available for first-time AND repeat home buyers who make less than or equal to 80% of the area median income (80% = $120,320/yr in most of the metro DC area) of the location where they are buying. It’s only available for purchase loans with a maximum purchase price of $360,800.
click here to check 80% income limit by address
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