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Buy a Home
With As Little As
$3,000

Conventional Down Payment Assistance
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How This Program Works

This program combines a conventional first mortgage with a 0% interest second mortgage designed to help cover your down payment and a majority of your closing costs. The goal is simple: keep more cash in your pocket at closing. See my full down payment assistance guide.

  • 0% interest on the down payment assistance funds
  • No monthly payments on the assistance loan
  • Forgiven after 15 years if you remain in the home (repayable if you sell or refinance sooner)
  • At least one borrower must qualify as a first-time homebuyer
  • 660+ minimum FICO score
  • Primary residence only

Estimated Buyer Contribution

Qualified buyers may be able to purchase a home with:

  • As little as $3,000 out of pocket in many scenarios*
  • This program provides up to 3% in down payment assistance—the full amount needed for a minimum 3% conventional down payment—and can also cover a majority of your closing costs, excluding discount points.
  • Optional rate buydowns and discount points are not included
  • Option to contribute your own additional 7% down to potentially lower your monthly payment and reduce mortgage insurance

Available States

This exclusive conventional assistance program is currently available in:

  • Washington
  • Oregon
  • Idaho
  • California
  • Arizona
  • Colorado
  • Nevada
  • Utah

Common Questions

Frequently Asked Questions

 

How does the $3,000 down payment program work?

It pairs a conventional first mortgage with a 0% interest second mortgage that covers your down payment and most of your closing costs, so qualified buyers may get into a home with as little as $3,000 out of pocket in many scenarios.

What states is this program available in?

Washington, Oregon, Idaho, California, Arizona, Colorado, Nevada, and Utah.

Do I have to pay back the down payment assistance?

No monthly payments are required, and it’s forgiven after 15 years if you remain in the home. It becomes repayable if you sell or refinance sooner.

What credit score do I need to qualify?

A minimum FICO score of 660, and at least one borrower must qualify as a first-time homebuyer purchasing a primary residence.

*Loan products subject to credit approval. Program guidelines apply.

Questions? Let’s Talk.

Every homebuyer’s situation is different. In about five minutes we can determine whether this program is the right fit—or if another down payment assistance option would serve you better.

Jowed Hadeed

Home Loan Officer | NMLS #1746530

Call or Text:
509.851.7967