The 1% Conventional Mortgage — Too Good to Be True?
With home prices rising and down payments feeling out of reach, many first-time buyers are turning to low-down-payment mortgage programs. One that’s getting major buzz? The 1% conventional mortgage.
But what is it really — and is it the right move for you?
In this Show Me How episode, we explain everything you need to know about this new option and how it stacks up against FHA, 3% down conventional, and other popular programs.
💰 What’s the 1% Mortgage All About?
Some lenders are now offering qualified buyers a 1% down payment mortgage — and even contributing an additional 2% toward equity. That means you could get into a home with just 1% out of pocket and start building equity from day one.
🏡 What You’ll Learn:
Eligibility Requirements:
These programs aren’t for everyone. We’ll walk through income limits, credit scores, and debt-to-income ratios to help you figure out if you qualify.
The Pros:
✅ Low upfront costs
✅ Builds equity faster than renting
✅ Competitive rates for first-time buyers
The Cons:
⚠️ Higher monthly payments due to lower equity
⚠️ Mortgage insurance may apply
⚠️ Limited property types and stricter guidelines
Side-by-Side Loan Comparison
We put the 1% mortgage head-to-head with FHA, 3% down, and 5% conventional loans — in a visual chart so you can see the differences at a glance.
🎧 This episode is essential listening if you’re trying to get into your first home without draining your savings.
📎 Download our Loan Comparison Chart and Mortgage Readiness Checklist in the show notes.
