• What is a-1% deposit home loan?
• Advantages and disadvantages
• The way to get a 1% down payment mortgage
• Choices

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But since the to purchase a home has only received less affordable from inside the the past few years – and you can financial cost provides soared, loan providers experienced to obtain creative to help you broaden its pool out-of possible consumers.

The fresh new 1% down mortgage is just one of these types of innovative methods. Because the name suggests, this lets borrowers enter a house in just 1% of one’s purchase price and certainly will create homeownership even more available to possess of a lot.

Prior to you utilize you to (or go searching for example), it is important to discover just how these mortgage loans really works and you may if or not they make sense for your requirements and you can upcoming arrangements. Here is what you need to know.

Generally, a low down payment you may make on the a normal home loan is step 3%. Continue reading →