Buy a Home with Just 1% Down — Even If You’re Not a First-Time Buyer!
If saving for a down payment has been holding you back from buying a home, we have great news. A powerful new program is now available through Northeast Financial that could make homeownership more affordable and within reach—and you don’t need to be a first-time buyer to qualify.
💡 How It Works
With our new 1% Down Home Loan Program, you only need to put down 1% of the purchase price—and you’ll receive an additional 2% toward your down payment, up to $7,000.
That gives you a full 3% down payment on a conventional loan, helping you buy a home with less money upfront.
Example:
On a $300,000 home:
You bring 1% ($3,000)
You receive 2% (up to $6,000) in assistance
That’s the full 3% down payment
💬 What About Other Costs?
This program covers your down payment, but like any home purchase, there are closing costs—which include things like taxes, insurance, and lender fees. These can vary by home and location, but we’ll walk you through every detail so there are no surprises. In many cases, we can help structure your loan to reduce those upfront expenses even further.
🏡 Who Qualifies?
You don’t have to be a first-time homebuyer
Your income must be at or below 80% of the average income in your area
You’re buying a primary residence (not a rental or second home)
A minimum credit score of 620 is required
A short homebuyer education course is required for first-time buyers
✅ Why This Program Stands Out
Buy with just 1% down
Receive up to $7,000 in free down payment help
No first-time buyer restriction
Predictable, fixed monthly payments
Keep more cash on hand for moving, furnishing, or emergency savings
📞 Let’s See if You Qualify
If you’ve been waiting for the right moment to buy, this could be the opportunity you’ve been looking for. This program makes it easier to take the next step toward homeownership—even if you’ve owned a home before.
👉 Contact a Northeast Financial loan officer today to learn more and see if this fits your goals. We’ll help you understand exactly what’s needed, what to expect, and how to get started.
Your Northeast Financial Staff
Let’s open the door to your next home—with just 1% down.
