Save up to $10,662 with Rapid Rate Mortgage!
Buy a Home with Just 1% Down
We'll cover the rest!*
Buy A Home With Just 1% Down
Dreaming of owning a home but worried about the down payment? With our 1% Down Conventional Loan Program, you can step into homeownership faster and keep more cash in your pocket. Use the savings for furniture, move-in costs, or other expenses!
Here’s how it works:
✅ You bring 1% down.
✅ We contribute 2% toward your down payment.
✅ You start building equity with a full 3% down conventional loan.
That means you can buy a $250,000 home with as little as $2,500 out of pocket for your down payment!
Example of How Much You Could Save:
You bring just 1% – we cover the rest to get you to 3% down.
What is the 1% Down Conventional Program?
This program is designed to make homeownership more accessible for qualified buyers. Instead of saving for a traditional 3–5% down payment, you only need 1% of the purchase price. The lender provides the other 2% as a contribution, giving you the benefits of a 3% down conventional loan:
✅ Lower upfront cost
✅ Standard 30-year or 15-year fixed-rate options
✅ Private mortgage insurance (PMI) that may drop off once you reach 20% equity
✅ No hidden second loans or repayment required on the 2% contribution
Who Can Qualify?
Our 1% Down program is perfect for:
✅ First-time homebuyers ready to stop renting and start building equity
✅ Buyers with good credit who want a low down payment option
✅ Borrowers who meet income and loan limit requirements (varies by county)
If you have steady income and a credit score of 620+, you may qualify.
Why Choose Our 1% Down Loan?
✅ Keep your savings intact – Buy a home without draining your bank account.
✅ Faster path to homeownership – Stop waiting years to save for 3–5% down.
✅ Competitive rates – Conventional financing with a lender-paid 2% boost.
✅ Trusted local mortgage experts – We guide you through every step.
Get Preapproved in Minutes
Don’t let a big down payment stop you from buying your first home. With our 1% Down Conventional Loan, homeownership is closer than you think.
Click below to get started today and see if you qualify!
Questions? We're here to help!
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What Our Clients Say
I was very nervous to buy a home on my own, but you answered all my questions and made me feel confident in my decision.
Sophia
Pensacola, FL
I can't believe we are homeowners! We will make so many memories in this home. Thank you so much!
Mia & Daniel
Athens, GA
We closed on our home in 13 days. We didn't even know you could close on a home than fast. Thanks for making it stress-free.
Ava & Robert
Spanish Fort, AL
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Rapid Rate Mortgage, LLC is licensed in Alabama, Florida, and Georgia. 6901 A. North 9th Avenue #649 Pensacola, FL 32504
NMLS#1654276. NMLS Consumer Access. Loan Approval is not guaranteed and is subject to lender review of information. Loan is only Approved when the lender has issued an approval in writing. Specified rates are subject to change with market conditions. Rapid Rate Mortgage, LLC is an Equal Opportunity Mortgage Brokerage. All rights reserved. I agree to be contacted by Rapid Rate Mortgage via call, email and text. To opt-out, you can reply “stop” at any time or click the unsubscribe link in the emails. Message and data rates may apply.
* 2023 study conducted by Polygon Research used 2023 Home Mortgage Disclusre Act data to find that consumers save more than $10,662 over the life of the loan, on average, by working with a mortgage broker compared to a nonbank retail lender.
The principal, interest and Mi payment on a $339,500 30-year Fixed-Rate Loan at 6.50% and 97% loan-to-value (LTV) is $2,298.65. he Annual Percentage Rate (APR) is 7.147% with estimated finance charges of $8,000. 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 06/24/25. UWM pays the lesser of 2% or $7,000 of the down payment. Borrower pays 1% of the dowr payment (or remaining down payment needed if 2% exceeds $7,000). Subject to borrower approval. Some exclusions may apply
Example is for informational purposes only.