Conventional 1% Down Program
Conventional 1% Down program with Equity Boost makes it easier than ever to get a borrower into their new home. Here’s how it works: Borrower puts down 1%, the lender contributes 2% toward the down payment, giving them 3% equity at closing.* Conventional 1% Down program is a great way to offer a low down payment, a competitive rate, and a good head start — and it’s still going strong at Lincoln Home Loans LLC.
*Disclaimer Borrower contributes 1% down, lender contributes 2% of the loan amount up to $5,000 for the down payment and the borrower is responsible for any difference to get to the required 3% down.