1% Down Payment Advantage
We’re committed to making homeownership possible for everyone in the current housing market. With our new program, your clients can a ord to get into a home now and build equity–on us. Here’s how it works: • Borrower provides a 1% down payment toward the 3% conventional loan minimum down payment requirement. • We’ll contribute the other 2% as non-repayable assistance.* • We’ll also pay 1% of their interest rate for one year to help make their mortgage payment more a ordable with our Payment Advantage lender-paid temporary buydown.** • Plus, your clients can take advantage of our Payment Protection program and quali ed borrowers can re nance later if rates drop.***
***For Payment Protection program full terms and conditions, visit www.guildmortgage.com/homebuyer-protection
1% Guild-paid temporary buydown
1% down payment
2% Guild assistance
Payment Protection
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Program details: • Credit scores as low as 620 • AMI limits apply
• Conforming loan limits apply • 95-97% LTV rst mortgage • First-time homebuyers and repeat buyers are eligible • Homebuyer education required • Primary purchase transactions only • 1-unit properties only, including condos and PUDs
*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 loan parameters, including but not limited to 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. O er cannot be retroactively applied to previously closed loans or loans that have a locked rate. **The Payment Advantage program is a promotional primary purchase o er on a Conventional 1-year lender-paid temporary buydown on locks from 11/10/2022 to 12/31/2024. The promotional o er will temporarily reduce the rate by one percent for the rst 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 rst 12 months of the loan. For use by real estate professionals only. Not intended for public use or distribution. Guild Mortgage Company; NMLS #3274; Equal Housing Opportunity; www.nmlsconsumeraccess.org. All information, loan programs & interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Borrowers must qualify based on the note rate of the program selected. Please contact a Guild Loan O cer with any program questions.
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