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Purchase Your Own Home With Just 1% Down

One Month's Rent Could Get You Into Your Dream Home
Lambuth Mortgage is excited to offer the conventional 1% down with equity boost loan program

  • You put down 1%, your lender contributes 2%*, giving you 3% equity at closing
  • Great low rates
  • Close in 30 days or less
  • Conventional 30-year fixed program
  • Available with no monthly Mortgage Insurance

*2% lender contribution may only be applied to down payment

 

 

There’s no reason to wait.
Call today and get the home you’ve always wanted.

 

Conventional 1% Down with Equity Boost FHA USDA-Rural
Purchase Amount
$225,000.00 $225,000.00 $225,000.00
Down Payment
$2,250.00 $7,875.00 $0.00
Upfront Mortgage Insurance Premium
$0.00  $3,799.69  $2,250.00 
Equity Boost
$4,500.00  $0.00  $0.00 
Finance Amount
$218,250.00  $220,925.00  $227,250.00 
Rate
4.500% 3.625% 3.875%
Taxes Estimate per Month
$120.00 $120.00 $120.00
Homeowners Insurance Estimate
$80.00 $80.00 $80.00
Mortgage Insurance Estimate
$0.00  $153.80 $65.63
Total Monthly Payment
$1289.69  $1361.63  $1334.24 

 

The above chart is for comparison purposes only and based on historical rates. For current rates and terms, please call or email us directly.

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