HomeOne
Low down payment mortgage program that helps first-time and repeat homebuyers purchase a home with as little as 3% down.
Features:
- 97% LTV
- No Income or Geographic Limits
- One Borrower must be a 1st Time Buyer *
- Purchase & Rate -Term Refi
- Primary Residence Only
- SFR, Condo, and PUDs
- 30 Year Fixed only
- All Borrowers must occupy the property
- Gifts allowed
- No Reserves required
- Mortgage Insurance Coverage = 35%
- Home Buyer Education required *
* A First Time Buyer is an individual that has had no ownership interest in a residential property in the last 3 years. If both buyers are First Time Buyers, at least one of them must complete Home Buyer Education