Is this 1% down program for you? Do you have good credit? Ready to buy, but short on cash? Want to conserve funds?

This could be a great program for you!

Is there a max loan amount with 1% down?

Yes. With 1% down the max amount is $417k, which is the conventional loan limit. Loans over $417k, the minimum down payment is only 3% down.

Can I receive the 1% down payment as a gift?

Yes. The 1% down payment can be gifted on this program. Closing costs and reserves can also be gifted if needed.

Is there a minimum credit score is required for this program?

Yes. We require a 700 credit score to qualify for this loan program.

Can I use an adjustable-rate mortgage with the 1% down mortgage?

No, the 1% down mortgage requires a 30-year fixed rate mortgage only. 

Is this 1% down program for first time buyers only?

No. It Is not only for 1st time home buyers, however you cannot own another home at the time of closing.

Can I get 1% down on 2nd homes or Investment Properties?

No, the 1% down is for Primary Residences only.

Is private mortgage insurance “PMI” required under this program?

Yes. Borrowers will be required to pay private mortgage insurance  on the 1% down mortgage. The amount of monthly mortgage insurance you pay will depend on your credit score. There is also an option to eliminate the monthly PMI from the mortgage payment. By taking a higher interest rate.

Do condos qualify for this program?

Yes, you can also purchase a condo using this program and get the No PMI option. You must comply with the Freddie Mac Condo Guidelines.

Property must be in one of these Colorado counties for this program to apply:

Adams, Arapahoe, Boulder, Denver, Gilpin or Jefferson


Yes, you definitely will have questions, so give us a call and see if this is the perfect mortgage plan for you.