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3% Down Payment

Buying A Home-Path Property

At Quintessential Mortgage Group, we specialize in Fannie Mae, Freddie Mac, and FHA mortgage programs that enable first-time buyers to achieve their goals with 3% down. Fannie Mae offers first-time home buyers the chance to buy a foreclosed property for as little as 3% down with their HomePath program. You can even apply for up to 3% of your closing costs back through the program. Fannie Mae homes sell in as-is condition, so you may have to repair a few things before your new place is move-in ready. With closing cost assistance, it can help make it more possible to cover these expenses.

Great for 1st Time Home Buyers

The HomeReady and Home Possible programs that allow the 3% downpayment is intended for low-income and moderate-income home buyers. At QMG we work to offer a flexible program by:

  • Allowing financing for the purchase of a second home
  • No restrictions for first-time buyers
  • Buyers can have a cosign on their loan. 
  • Available for those with lower FICO scores

As a mortgage lender, we outline the specifics, assess your financial situation, and determine eligibility. We’re prepared to answer any questions you may have about 97% financing and placing 3% down for your next purchase. 

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