How to Buy a House With Just 1% Down!

Are you a first-time homebuyer? Is a hefty down payment your biggest obstacle?

Unlock homeownership with just 1% down to make your dream home a reality.*

• Put down just 1%, and your lender contributes an additional 2%, for a total of 3% down*
• Gift funds can be used for your entire down payment
• Keep more money in your pocket for furniture, house repairs, and maintenance!

* Program offered through Sponsoring Lender, United Wholesale Mortgage. The principal, interest, and MI payment on a $200,000 30-year Fixed-Rate Loan at 6.625% and 97% loan-to-value (LTV) is $1,370.62. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates are current as of 06/10/25. Sponsoring Lender, United Wholesale Mortgage, pays the lesser of 2% or $7,000 of the down payment. Borrower pays 1% of the down payment (or remaining down payment needed if 2% exceeds $7,000). Subject to borrower approval. Some exclusions may apply.

Key Details

• Who is eligible for this program?
  • This program is available to qualified first-time homebuyers with a minimum credit score of 620. Qualified borrowers must also be equal to or below 80% AMI (Area Median Income). As of 6/11/25, AMI in Lorain County is $78,560.
• Who is considered a first-time homebuyer?
  • Anyone who has not had ownership in any property within the last three years.
• What properties are eligible?
  • Single-family homes to be used as your primary residence. Manufactured properties are not eligible for this program.
• What is the term of the loan?
  • This program only applies to a 30-year, fixed-rate, conventional mortgage.

DISCLAIMER

Federally insured by the NCUA, LorMet Community Federal Credit Union, NMLS 583097, 2051 Cooper Foster Park Road, Amherst, OH, 44001. Information subject to change. Certain restrictions apply. Subject to approval of borrower and investor guideline requirements. Subject to borrower approval. Some exclusions may apply.