• What exactly is a 1% down-payment mortgage?
• Advantages and disadvantages
• Getting a 1% down-payment financial
• Selection

Member hyperlinks to your activities on this page are from partners you to definitely make up you (come across our very own marketer revelation with this selection of partners for more details). not, the feedback was our very own. Observe i speed mortgage loans to type unbiased product reviews.

But once the to shop for a property has only gotten less affordable in the the last few years – and you can mortgage prices features soared, loan providers have obtained locate innovative to broaden its pond of prospective borrowers.

New 1% down home loan is one of such imaginative steps. Because the term suggests, allowing consumers go into property in just step 1% of purchase price and certainly will build homeownership more obtainable to own of many.

Prior to you use you to definitely (or go searching for 1), it’s important to discover exactly how these types of mortgages work and you will whether or not they make experience to meet your needs and you will coming agreements. Continue reading Off costs have traditionally already been a major challenge breaking up dollars-strapped clients in the arena of homeownership →