1% Down Payment Advantage
1% Down Payment Advantage
We believe in accessible homeownership for all, and our new innovative program can help you get into a home now. With our 1% Down Payment Advantage, you can start your homebuying journey with a one percent down payment and a two percent* Guild down payment assistance to start building equity–on us.
In addition, we’ll pay one percent of your interest rate for one year with our Payment Advantage** lender-paid temporary buydown–this will help you keep your options open when choosing the home that fits your needs and make your first-year mortgage payment more affordable. Qualified borrowers can also take advantage of our Payment Protection program to refinance with no lender fees if rates drop.***
1% down payment |
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2% Guild assistance |
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Payment Advantage |
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Payment Protection |
1% down payment |
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2% Guild assistance |
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Payment Advantage |
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Payment Protection |
Program requirements
- Credit scores as low as 620
- Area median income limits apply
- Conforming loan limits apply
- 95-97% Loan-to-Value first mortgage
- First-time homebuyers and repeat buyers are eligible
- Homebuyer education required
- Primary purchase transactions only
*Guild Mortgage to cover 2% of the required minimum down payment amount in the form of a non-repayable grant with a maximum grant amount of $5,000. Changes to the loan parameters, including but not limited to the loan amount, owner-occupancy status, loan to value and other factors may render the borrower ineligible for the program. Eligibility is subject to the program guidelines. The grant may only be used for the borrower’s cash investment in accordance with the program guidelines. Must lock rate on or after 6/12/2023. Not available with any other discounts or promotions. Offer cannot be retroactively applied to previously closed loans or loans that have a locked rate.
**The Payment Advantage program is a promotional primary purchase offer on a Conventional 1-year lender-paid temporary buydown on locks from 11/10/2022 to 12/31/2024. The promotional offer will temporarily reduce the rate by one percent for the first year of the Conventional mortgage on conforming and high balance loan limits. The lender-paid credit will fund the buydown escrow account, and the funds will be dispersed out of the buydown escrow account during the first 12 months of the loan.
***For Payment Protection program full terms and conditions, visit www.guildmortgage.com/homebuyer-protection
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
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