Conventional 1% Down

Benefits

Parameters

Borrower Eligibility

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FAQ

(786)-540-0011

Helps open the door to homeownership for more borrowers by providing down payment assistance to borrowers with income up to 80% of the Area Median Income.Gives max credit to the borrower by offering 2% toward the down payment, up to $7,000

30-Year Fixed primary purchases ONLYDown payment grant can cover up to the lesser of 2% or $7,00097% LTVMinimum FICO = 620Maximum Loan Amount = conforming loan limits (no High Balance)No 2-4 units or manufactured homesVLIP CREDITThe $2,500 pricing incentive given to First Time Homebuyer VLIP borrowers (50% or less of the AMI) is combined with the 2% down payment contribution from The Lender in addition to. VLIP FTHB borrowers will receive a min $2,500 regardless of purchase price

Only eligible for borrowers with incomes up to 80% of the Area Median Income

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