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1% Down · FHA

1% Down FHA Loan

1% Down FHA Loan — how it works, what it costs, and who qualifies.

Down Payment %
1%
On a $400K Home
$4,000
Loan Amount
$396,000
Sample Price
$400,000
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NMLS# 1859012 · Equal Housing Lender
1% Down · FHA

1% Down FHA Loan in Florida

On an FHA loan, 1% down works within FHA's 3.5% minimum and flexible 580-score guidelines. FHA carries an upfront and monthly mortgage insurance premium, but it forgives thinner credit and higher debt than conventional — and it pairs cleanly with Florida assistance to cover the cash.

A 1% down mortgage lets you contribute just one percent of the price. The lender adds a grant, usually another 2%, so you start with 3% equity without saving 3%. It is one of the few legitimate paths to a near-zero down conventional loan in Florida.

On a $400,000 Florida home, 1% down is $4,000 out of pocket. The lender grant covers the gap to the program minimum, and you finance the rest. That keeps cash in your account for moving costs, repairs, and reserves rather than draining it at the closing table.

These programs run through specific conventional investors and have income limits in many areas. They are not available on every loan. As a broker we know which lenders offer a true 1% down product right now. We confirm you fit the box before you write an offer.

1% Down at a Glance

✓Pay 1% of the price; the lender grant supplies the rest of the minimum equity.
✓Keeps thousands in the bank for reserves and move-in costs.
✓Runs on conventional financing with cancellable PMI, not a permanent fee.
✓Income limits apply in most areas — we confirm eligibility up front.

Read the full 1% down guide, or compare other loan types: Conventional · First-Time Buyers · Florida.

1% Down Snapshot
1%Down Payment %
$4,000On a $400K Home
$396,000Loan Amount
$400,000Sample Price
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Program
We shop lenders + assistance
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

1% Down FHA Loan Questions

Does 1% down work with an FHA loan in Florida?

Yes. FHA's 3.5% minimum and forgiving credit rules make it a natural fit, and 1% down stacks with Florida Hometown Heroes to lower your cash to close. We confirm the FHA numbers against your file before you apply.

Is a 1% down mortgage real?

Yes. Several conventional lenders offer a 1% down program. You pay 1% and the lender contributes a grant, commonly 2%, to reach the 3% minimum equity. It is a real product, not a teaser, but it has income limits and is not offered by every lender. We match you to one that has it.

Do I keep the lender grant if I sell?

In most 1% down programs the grant is a true gift, not a second loan. There is nothing to repay when you sell or refinance. Terms vary by lender, so we confirm the grant structure in writing before you commit.

Official resources

Verify the details for your own situation against these government and agency sources: HUD FHA loan program and HUD Handbook 4000.1 (FHA rules).

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1% Down Guide1% Down · Conventional1% Down · First-Time Buyers1% Down · FloridaAll Down Payment OptionsApply for Pre-Approval

1% Down FHA Loan?

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Figures are illustrative only and based on a sample purchase price. APR, payments, and assistance amounts vary by credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.