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Get Started with as Little as 1% Down

You're Closer to Homeownership Than You Think.

Making homeownership more accessible starts with making it easier to get in the door. With ONE by Lower, you contribute as little as 1% from your own funds and may receive a grant of up to 2%, not to exceed $4,500. Best of all, the grant never has to be paid back.

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How ONE by Lower Works

We believe homeownership is the key to financial freedom. With ONE by Lower, we help you achieve it.

1

Bring as little as 1%

You contribute as little as 1% of the purchase price. Loan amounts up to $375,000 are eligible.

2

Get up to 2%

You may receive a grant of up to 2% of the purchase price, not to exceed $4,500. Best of all, it never has to be repaid.

3

Get the keys

Close on your new home and start building equity.

ONE by Lower
Calculator

Homeownership may be closer than you think. See how contributing as little as 1% down, combined with a grant of up to 2% (not to exceed $4,500) for eligible buyers, can help make buying a home more attainable.

Drag the slider or tap the blue box to type an exact home price.

Your down payment contribution

$0

Your 3% down paymentSplit between you and Lower

*Disclaimer

Illustrative estimate only. ONE by Lower is a 30-year fixed conventional loan requiring a total 3% down payment: the borrower contributes a minimum of 1% from their own funds, and Lower contributes a 2% lender grant up to a maximum of $4,500. When the 2% grant would exceed $4,500 (on home prices above $225,000), the borrower is responsible for the difference. Maximum loan amount is $375,000. Program requires a minimum 620 FICO, primary 1-unit residence, and household income within 80% of Area Median Income (AMI). Closing costs are not covered by the 2% grant. Not an offer of credit or commitment to make a loan; all approvals subject to underwriting guidelines. Program subject to change without notice.

Frequently Asked Questions about ONE by Lower

Who qualifies for ONE by Lower?

To qualify, borrowers must meet all of the following:

  • Down payment: Minimum 1% from your own funds
  • Maximum loan amount: $375,000
  • Income: Cannot exceed 80% of Area Median Income (AMI) for the property location
  • Credit score: 620 FICO minimum
  • Property: Primary residence, single-unit properties only
  • Buyer type: First-time and repeat homebuyers may qualify

What does the grant cover?

  • Covered: Down payment, up to 2% of the loan amount or $4,500, whichever is less
  • Not covered: Closing costs (seller concessions may still be applied separately)

Meeting these criteria does not guarantee approval. All loans subject to underwriting. Lower, LLC. NMLS ID# 1124061. Equal Housing Opportunity. Not an offer of credit or commitment to make a loan. Program terms subject to change.

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More Low Down Payment Mortgage Options

If you don't qualify for ONE by Lower, it doesn't mean homeownership is out of your reach. We've got other low down payment mortgage options to meet your needs.

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Although eligibility is more limited, VA and USDA loans offer pathways to getting a home with no down payment.

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FHA loans come with flexible credit guidelines and minimum down payments of 3.5% for many buyers.

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