Low Down Payment Loans

HomeReady and Home Possible are conventional programs designed as alternatives to FHA lending. These products may be the right solution for low-income buyers who need low down payments or flexible guidelines.

Product highlights

Primary residence only
97% LTV and up to 105% CLTV with qualifying second
Non-occupant co-borrowers permitted on 1-unit properties
Boarder income allowed
Temporary buydowns allowed
Frist time homebuyers may apply
Income restrictions may apply
Available for 1–4 unit properties, condos, PUDs and manufactured housing

Borrower advantages

Program offers qualified low-income borrowers a low 3% down payment financing option
Non-occupant co-borrowers may help borrowers qualify for a 1-unit property
Many types of down payment sources are acceptable, including family, employer-assistance programs, secondary financing, and sweat equity
At 20% equity, borrowers may cancel mortgage insurance, reducing monthly mortgage payments

Realtor advantages

These programs may qualify buyers, including:

Buyers with parents as co-signers
Seniors looking to downsize
Newlywed couples short on savings but able to cover down payment with wedding funds
Renters with two long-term roommates who wants to jump to homeownership and bring their roommates (and their rent) with them

What Clients Say About Us

“Daniel was great! Very efficient and very friendly. He always got back to us in a timely manner and always called us to explain things rather than just texting. Very personable guy! Very quick as well! We closed 2 weeks sooner than expected. I cannot say enough nice things about preferred rate, I definitely recommend them to everyone!”

Megan H

“I cannot put into words how amazing Dan and his team were during this whole process. They consistently went above and beyond to ensure I was fully taken care of. Not working with a realtor was a bad call on my part, but Dan was there every step; and a few bumps, offering unbiased advice and making sure I was taken care of. This momma and her girl tribe finally have a place of their own to call home; I am so thankful for Dan and his team!”

Savannah C

“This is my second home purchase using Dan. He is great to work with, he explains everything and is always there to answer any questions.

Update: When rates dropped early October 2025, Dan reached out to let me know and we knocked the refinance quickly. Dan is also always quick to answer questions no matter time or day of the week. No one else I’d rather do business with.”

Nate W

“We don’t have enough good things to say about Bihn Group! We tried to buy a house years ago and were consistently disappointed, houses sold out from under us, etc. so we gave up! We reached out to Dan this time around and he was so efficient and kind about everything! He answered all of our questions with honesty and we were so lucky to find our dream house as quickly as we did. Our son hasn’t stopped running around in our yard since we moved in! Thank you, Dan and Bihn Group for helping us achieve this goal in life!”

Taylor S

“Thank you for making a dream a reality. For years my husband, kids and I would talk about the perfect house we would have one day. It’s easy to find a house but difficult to get the keys and even more difficult to tell your kids this one didn’t work out. Dan, thank you for directing and clearing the path to our new home. We are extremely grateful!”

The McCulley’s