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Buy Now With
1% Down!

Homeownership just got 2% easier!

Now you can buy a home with as little as a
1% down payment with APM’s 1% Home program.


How does it work?

You contribute a 1% down payment, and American Pacific Mortgage provides a 2% grant (not to exceed $4,500), providing you an automatic 3% equity in your home at closing.

To sweeten the deal, customers who qualify for this program may contribute up to a 3% down payment and still receive the 2% lender grant from APM.

You don’t have to be a first-time homebuyer to qualify, and there are no location restrictions.

Program guidelines
at a glance:

  • 1% minimum down payment is required from the buyer

  • 2% lender grant is issued from APM—not to exceed $4,500

  • 620 minimum FICO score

  • Loan amount cannot exceed $275,000

  • Applicants' Income cannot exceed 80% of the area’s median income

  • The property must be purchased as a primary residence

  • Single-family residence only (no multi-family)

  • New construction is allowed

  • First-time and repeat homebuyers acceptable

  • No pre-payment penalty


Ready to Get Started?

Apply Now

Frequently Asked Questions

Is this truly a 1% down option?

Yes and no. Because you are receiving a 2% nonrepayable grant from the lender and contributing 1% yourself, you’re effectively putting 3% down when you buy. This means you’re starting your homeownership with 3% home equity, which benefits you.

Can the builder or seller still contribute to my closing costs with this loan?

Yes! The seller can contribute to your closing costs and interest rate buydown with this program, up to 3% of the purchase price.

1% Home furthers APM’s commitment to providing mortgage lending solutions for underserved communities. With this program and many others, we are opening doors for every person and family with a dream of achieving homeownership.


Client will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and American Pacific Mortgage (APM) will cover an additional 2% of the client’s purchase price as a down payment. This offer is available only on conventional purchase loans. Primary residence only. Offer valid only for homebuyers when qualifying income is less than or equal to 80% of the area median income based on the county where the property is located.

This is not a commitment to lend. APM reserves the right to cancel this offer at any time. Acceptance of this offer constitutes the acceptance of these terms and conditions, which are subject to change at the sole discretion of APM. Additional restrictions/conditions may apply.

*No refund if you close with another lender, or if the cash option is used.

Cash Buys is a registered Service Mark of American Pacific Mortgage. American Pacific Mortgage is not affiliated with Power Buyer LLC.
Terms and conditions subject to Power Buyer Product Agreement.