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3% DOWN PMT Program

Lowest down payment in the industry

Conventional

Lowest down payment option, the 3% DOWN PMT Program has become the solution to buyers with low credit and limited funds for closing...

 

The 3% DOWN PMT Program enables buyers more cash available after closing compared to traditional conventional home loans. The total amount of down payment required is 3% of the purchase price.

The 3% DOWN PMT Program features:

- Great low rates.
- Closings of 30 days or less.
- Available with no monthly Mortgage Insurance.
- 97% LTV - 3% equity for your borrower.
- FICO score of 620.
- Interested party contribution of 3%. 
- Automated Underwriting findings will now set max DTI.

The 3% DOWN PMT Program requires borrowers to verify their eligibility based on the property that will be purchased.

Lenders must determine borrower/loan eligibility following the Selling Guide policy. In the event of any conflict with this document, the Selling Guide and DU findings will govern.

Do not wait any longer and find out how much loan you can get Pre-Approved.

If you are looking for a low down payment home loan program, Clear Lending can help you with The 3% Down Payment Program. Simply complete our secure and encrypted  Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

 

Customers Reviews:

  • Jillian Daniell • November 05, 2015

    Thank you for all your hard work. I really appreciate it! Keep up the great work!

  • Donyel Sampson • March 17, 2021

    Working with Joan at clear Lending has been the best experience of my life. I have been turned down several times because of my credit score. No one ever took the time to explain to me what exactly I needed to do so I lost all hope, just when I was about to give up and continue to pay extremely high rent I found Clear Lending and I would be forever thankful I did. They are very upfront with you through your whole process, not only that they help you. Everyone I have spoken with has been extremely nice and professional and was able to work with my credit score to give me my dream home. Joan said we will find a home before my lease was up in March and we did I closed on March 26,21 and it was a smooth process. Joan is very hands-on with you through the whole process and works EXTREMELY! hard to make sure you are happy, any time I had a question he answers right away. It never left a message and I will have him call you back kind of place. Any time I had a question no matter how late or early it was he responded quickly. If I could give the me 100 stars I would, if I can give them a review every day I would. I never thought this day would ever happen after being turned down by other companies and it did thanks to Clear Lending. Not only that my closing cost was less than I expected it to be. Joan said he would give me the best rate he could and he did just that. Thank you, Joan. I and my kids will be forever thankful for you and your team, for everything you guys did for us to get us in our home with kindness and patience.

  • Ramiro Rojas • May 20, 2019

    FROM GOOGLE: Thank you so much for all your team effort Patricia and Joan to get us approved quickly and to help us find the beautiful home that we now live in. We are more than satisfied with this company and if we could we would leave more than 5 stars. We appreciate the patience you both had when it came to us finding the right home and thank you for all the advice that was given to us along the way. We can't say thank you enough.

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