Low Down Payment Mortgage Options

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Looking for a Low Down Mortgage Option? Let us help you find the program that fits your needs. Below you can view our different loan down mortgage loan options. If you have any questions or would like to inquire about some of our products, please feel reach out to us for assistance. Click apply to apply for one of the options.

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HomeReady Loan 3% Down

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A great loan options designed for creditworthy low- to moderate-income borrowers. Home Ready offers expanded eligibility for financing homes in low-income communities.

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Low down payment with up to 97% LTV
financing for home purchases

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Flexible sources of funds with no minimum contribution from borrower’s own funds

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Non-occupant borrowers permitted

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Cancellable mortgage insurance (restrictions apply)

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Reduced MI coverage requirement for loan-to-value ratios above 90% (up to 97%)

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Lower Interest Rates

[/fusion_li_item][/fusion_checklist][fusion_button link=”http://www.lendingwithlonnie.com/apply-for-home-loan/” text_transform=”” title=”” target=”_self” link_attributes=”” alignment_medium=”” alignment_small=”” alignment=”center” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” color=”custom” button_gradient_top_color=”#d60502″ button_gradient_bottom_color=”#d60502″ button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”3d” bevel_color=”” border_width=”” border_radius=”25″ border_color=”” border_hover_color=”” size=”small” stretch=”default” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” icon=”fa-home fas” icon_position=”left” icon_divider=”no” animation_type=”slide” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Apply Now[/fusion_button][/fusion_builder_column][fusion_builder_column type=”1_3″ layout=”1_3″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”false” border_sizes_top=”0″ border_sizes_bottom=”0″ border_sizes_left=”0″ border_sizes_right=”0″ first=”false” spacing_right=””][fusion_title margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” size=”1″ content_align=”left” style_type=”default” sep_color=””]

5% Down Conventional Loan

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A great low down home loan option for those looking to purchase a home. Not required to be a first time home buyer.

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Financing up to 95% Loan to Value for a home purchase.

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Minimum FICO of 620

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Low Rates

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Mortgage Insurance can be cancelled after 20% Equity

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Lower mortgage insurance for 700+ FICO

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NO up front mortgage insurance

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3.5% Down FHA Home Loan

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Great loan option for many borrowers. 3.5% down to purchase a home. Low FICO of 580 required to qualify.

Loan to Value up to 96.5%

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Low mortgage insurance with a FICO score under 700.

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Minimum FICO of 580

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Up to 57% Debt to Income Ratio

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Gift funds can be used