low down Payment Options

HomeReady Mortgage

Discover the affordability of homeownership with a HomeReady Mortgage.

HomeReady Mortgage helps borrowers with low to moderate income buy or refinance a home by reducing the standard down payment, potentially lower interest rates and mortgage insurance requirements.

Program Benefits:
  • Very Low Down Payment – Minimum down payment for home purchase or higher loan to value options for refinance transactions*.
  • Flexible Sources of Funds - Cash for down payment allowed from multiple sources, including gifts and grants, no minimum personal funds required.
  • Affordable & Cancellable MI – Lower cost premiums and cancellable mortgage insurance** saves you more money per month down the road.
  • Online Education Tools – Gain guidance for long-term homeownership success.

*Can be used for any fixed-rate term (10, 15, 20 or 30 year)
**Restrictions Apply

WISH Program

The Workforce Initiative Subsidy for Homeownership (WISH) program is a matching grant program for low-to moderate-income individuals or families. The program offers first time homebuyers a matching grant up to $22,000 ($4 for every $1 the homebuyer puts in) * towards the purchase of a home.

Program Eligibility:
  • Borrower must have had no ownership in principal residence during the 3-year period ending on the date of purchase of the property.
  • Borrower must occupy the property as primary residence
  • Borrower must complete an approved homeownership education course. See here
  • Must meet income eligibility guidelines.
  • Single-family detached homes, condominiums, and town homes are eligible

*WISH Grants are only available to qualified borrowers. Enrollment in the WISH program does not guarantee receipt of funds.

To learn more or see if you are eligible, please contact a Mortgage Loan Officer at
800-858-8328, or MortgageLoanOfficers@PremierAmerica.com.
This site uses cookies to store information on your computer/device and collect personal information. Cookies are strictly necessary/essential to run our website and also help us enhance site navigation, analyze site usage, and assist in our marketing efforts. We encourage you to read our Privacy Policy to learn more about how we use cookies and how we collect and use visitor data. By continuing to use this site, you consent to the placement of these cookies and our Privacy Policy.
Got it

Please note that clicking 'Accept' signifies that you agree to the Chatbot Service Privacy Notice and to the services provided by the Chatbot Virtual Assistant.