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Low Down Payment

Low Down Payment Options

Many people believe homeownership is simply out of reach for them, because they don’t have enough for a down payment. However, there are many low down payment options available. Some that even allow for as low as 3% for a down payment. At RWM Home Loans, we want to make homeownership more accessible for you.

Conventional Loan

  • As low as 3%-5% down
  • Condo, Town Home, or Single Family
  • Mortgage insurance – Can be removed
  • Loan limits differ by county*

HomeReady & HomePossible

  • As low as 3% down
  • Flexible down payment source
  • Homebuyer education course
  • Non-Occupant, Co-Borrower, or Boarder Income to qualify

FHA Loan

  • As low as 3.5% down
  • Condo, Town Home, or Single Family
  • Flexible qualifying requirements
  • Loan limits differ by county**

Down Payment Grant Program

  • Cover part or all of down payment
  • Owner occupied properties
  • Homebuyer education course
  • Fixed Rate loans

* To learn more about your county’s Conforming loan limits, please visit: Federal Housing Finance Agency

**To learn more about your county’s FHA loan limits, please visit: U.S. Department of Housing and Urban Development

The RWM Fluid Mobile App streamlines the process to buy a home or refinance a home, as well as helps you get pre approved
Your Journey Begins Here.

Getting started on the purchase or refinance of your home is just
a few minutes away. No commitment needed.

I have done business with RWM for 25 years and would not go anywhere else. Whenever any of my colleagues ask about mortgages I say RWM cannot be beat.

Brian R.
Rating: 5

Awesome experience with an impressive attention to detail and the ability to navigate and explain each procedure to me and my wife . Especially because we are first time buyers. Thank so so much from the bottom of our hearts.

Luis A.
Rating: 5

From beginning to end all of the friendly knowledgeable people at RWM made the mortgage transaction effortless and pleasant.

Boyd M.
Rating: 5

The ease of document uploads, the ability to docusign and the helpful videos complemented the excellent and personalized service by everyone on the team. I can’t wait to buy another property so I can use RWM again!

Kristin A.
Rating: 5
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