Make it 100% yours with as little as 3% down.
You might be planning on owning a home someday — but with as
little as 3% down, that day could actually be right now. Because
a small down payment can get you a long way. So talk to a lender today to find out
if you prequalify.
Get someone to spot you.
Don’t have the full amount for the 3% down payment? That’s ok. There are mortgages that offer flexible funding.
That means gifts, grants or funds from down payment assistance programs all count toward your down
payment and closing costs. They may even cover the entire amount in some cases. And contributors don’t have to be
on the mortgage. To talk about your options, locate a lender near you.
Save money down the road.
When you put less than 20% down, you have to purchase mortgage insurance. Mortgage insurance protects the lender in
case you stop paying your home loan and it’s typically paid along with your monthly mortgage payment. You may be
able to cancel your mortgage insurance once you’ve reached 20% equity, that means extra savings down the line.
Talk to a lender in your area to learn more about mortgage insurance.
Be ready.
Buying a home can be an exciting — but sometimes overwhelming — process. But you’re not alone. Your lender is a great
resource to get you started and help you think through what mortgage options best suit you. You can also ask about home-
buying education courses and one-on-one counseling to better understand your credit, how much house you can afford, and
what responsibilities come with owning a home. To learn more, speak to a lender in your area today.