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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 you 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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