Taylor and her fiancé Ben were in that exciting “pre-honeymoon” phase—deeply in love and planning their future together. They knew they wanted to buy a house in Salt Lake City to start their new life, but the homes they looked at early on were a bit bigger than they really needed. With good jobs and big dreams, they weren’t overwhelmed, just hopeful—and a bit unsure how to make the numbers work.
When I first met them in December, just months before their June wedding, we ran the numbers together. They were paying $2,600 a month renting a townhouse, but the payments on the homes they liked felt a little too high for their comfort. So we came up with a plan: save a little extra while they prepared for their wedding, and buy a house right after.
Well… weddings are expensive, and by June, they’d spent nearly all their savings on an amazing day filled with memories (I saw the photos—gorgeous bride, great party). Suddenly, their down payment looked like a much bigger hurdle than before.
That’s when the Conventional 1% Down Loan Program stepped in.
It’s actually a 3% down payment mortgage program, but I cover 2% of that (up to $7,000) to help first-time homebuyers get into a home without breaking the bank. When I showed Taylor and Ben the new numbers, the relief was immediate. Taylor may have said “oh my gosh” about a dozen times as it finally felt real: their dream was within reach.
After looking at a dozen or so townhomes, there was one last showing. It was perfect. Big bright windows, a spacious dining area—and the best part? Taylor’s beloved grandmother’s antique kitchen table fit like it was made for the space. That table meant the world to her, and now it would have a home.
Taylor and Ben are now under contract on their beautiful new townhome with a down payment of just 1%—and a whole lot of hope for their future.
Ready to see if the 1% down conventional loan program is right for you?
Don’t let down payment worries hold you back from homeownership. Whether you’re just starting to look or ready to take the next step, I’m here to help you understand your options and create a plan that fits your budget.
Reach out today for a free consultation—let’s chat about how we can get you into your own home sooner than you think.
Your dream home could be closer than you think.