Harmony's 1 Plus Program
CONVENTIONAL 1% DOWN
AN INCREDIBLE OPPORTUNITY TO HELP WITH HOME AFFORDABILITY, EXCLUSIVELY HERE AT HARMONY MORTGAGE
It’s exciting when a loan product can help REALTORS attract both new buyers, which is exactly what Conventional 1% Down does. When income-qualified borrowers put 1% down, Harmony Mortgage partner pays an additional 2% toward the down payment, up to $4,000, for a little help with down payment. Not only does it help make homeownership more affordable for borrowers, it gives all who partcipate in this program 2% or up to $4000 in down payment funds or closing cost credits Apply Now!
HOW IT HELPS YOU
- Creates more opportunity to help buyers who need it most
- Real estate agents love the cost there buyers save
- It make purchasing possible for many needing down payment assistance and this is just us filling a big need
HOW IT HELPS YOUR BORROWERS
- Lower down payment
- Get into a house sooner by reaching the down-payment savings goal faster
- More money for furniture, house repairs and maintenance
BORROWER QUALIFICATIONS
- For borrowers with income at or below 80% of the Area Median Income (AMI)
- 620+ FICO
- 30-year fixed loans with an LTV of 97%
- Eligible for primary purchases only
For questions about Conventional 1% Down or any of our down payment assistance programs, contact your loan officer.
Information subject to change. Certain restrictions apply. Subject to borrower approval.
The principal, interest and MI payment on a $200,000 30-year Fixed-Rate Loan at 5.875% and 97% loan-to-value (LTV) is $1,243.08. The Annual Percentage Rate (APR) is 6.428% with estimated finance charges of $5,600. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 04/13/2023. Subject to borrower approval. Some exclusions may apply.