Down payment assistance programs continue to be a valuable resource for homebuyers across the country. The 0% Down Purchase program for qualified borrowers to receive a 3% down payment assistance loan, up to $15,000.

Here’s how it works:

  • First lien mortgage meets LTV requirements per conventional guidelines.
  • The lender provides a second lien mortgage for 3% of the purchase price, up to $15,000.
  • The second lien has no monthly payment requirement and no interest.
  • Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first.
  • Payments on the second lien can be made throughout the loan term, but are not required.

How borrowers can qualify:

  • Borrowers must be at or below 80% of the Area Median Income (AMI) for the address of the property they are buying and meet Home Possible® guideline requirements.
    • For very-low-income borrowers whose qualifying income is at or below 50% AMI (VLIP borrowers), they will receive a $2,500 credit as part of the 3% assistance
      • This credit does not need to be repaid by the borrower and lowers their debt obligation from the second lien
    • 620+ FICO and LTV must be equal to or greater than 95% LTV, up to 97%


  • At least one borrower must be a first-time homebuyer and meet HomeOne® and UWM’s guideline requirements.
    • First-time homebuyer is defined as someone who has not had ownership interest in a home in the last 3 years
    • 700+ FICO and LTV must be greater than 95%, up to 97%


Call or email me for more information.