Apply now for a Truist mortgage.

Affordable mortgage options When you're ready to buy, there's help.

Low or no-down-payment mortgage options can make you a homeowner sooner than you thought.

Support for qualifying buyers is available.

You can say ‘yes’ to owning a home—even if your down payment isn’t where you think it should be. 

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac support table
Minimum down payment 5%
CondosDisclosure 1 Yes
Manufactured homesDisclosure 2 No
Eligible gifts Yes
Mortgage insurance Yes
Maximum seller contribution 3%
Minimum borrower contribution $0
Maximum income limit None

HomeReady® and HomePossible®

HomeReady® and HomePossible® support table
Minimum down payment 3%
CondosDisclosure 1 Yes
Manufactured homesDisclosure 2 Yes
Lender credit and eligible gifts Yes
Mortgage insurance Yes
Maximum seller contribution 3%
Minimum borrower contribution 0%
Maximum income limit Yes
Truist Mortgage grant availability Yes, in targeted marketsDisclosure 3

Fannie 97 Freddie HomeOne4

Fannie 97 Freddie HomeOne support table
Minimum down payment 3%
CondosDisclosure 1 Yes
Manufactured homesDisclosure 2 No
Eligible gifts Yes
Mortgage insurance Lender-paid, monthly premium, and more
Maximum seller contribution 3%
Minimum borrower contribution 3%
Maximum income limit None

FHA

FHA support table
Minimum down payment 3.5%
CondosDisclosure 1 Restricted
Manufactured homesDisclosure 2 Yes
Lender credit and eligible gifts Yes
Mortgage insurance Upfront and monthly premium
Maximum seller contribution 6%
Minimum borrower contribution $0
Maximum income limit None

Veteran6

Veteran support table
Minimum down paymentDisclosure 7 0%
CondosDisclosure 1 Restricted
Manufactured homesDisclosure 2 Yes
Lender credit and eligible gifts Yes
Mortgage insurance Upfront fee (one-time funding fee)
Maximum seller contribution 4% plus closing costs
Minimum borrower contribution $0
Maximum income limit None

Community Homeownership Incentive Program (CHIP)

View qualifying areas.

Community Homeownership Incentive Program (CHIP)
Minimum down paymentDisclosure 7 0% - 3%
CondosDisclosure 1 Yes
Manufactured homesDisclosure 2 Yes
Lender credit and eligible gifts Yes
Mortgage insurance Not required
Maximum seller contribution 6%
Minimum borrower contribution $500
Maximum income limit May apply
Truist Mortgage grant availability Yes, in qualifying areasDisclosure 5

Areas that qualify for CHIP assistance

Unless otherwise noted, up to 100% fundingDisclosure 3 available depending on geography

State of residence

Alabama - Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Birmingham, AL MSA 
  • Columbus, GA-AL MSA
  • Daphne-Fairhope-Foley, AL MSA
  • Huntsville, AL MSA
  • Mobile, AL MSA
  • Montgomery, AL MSA

Arkansas -  Up to 97% funding available for properties in Crittenden County only.

Florida - Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Cape Coral - Fort Myers, FL MSA
  • Deltona-Daytona Beach-Ormond Beach, FL MSA
  • Jacksonville, FL MSA
  • Miami-Fort Lauderdale-West Palm Beach, FL MSA
  • Orlando-Kissimmee-Sanford, FL MSA
  • North Port-Bradenton-Sarasota, FL MSA
  • Tampa-St. Petersburg-Clearwater, FL MSA

Georgia: Up to 100% funding available within the Atlanta-Sandy Springs – Alpharetta, GA MSA; up to 97% funding available for properties outside of this MSA.

Georgia - Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Atlanta-Sandy Springs-Roswell, GA MSA
  • Chattanooga, TN-GA MSA
  • Columbus, GA-AL MSA

Indiana - Up to 100% funding available for properties within the Cincinnati, OH-KY-IN MSA (up to 97% outside of this MSA).

Kentucky - Up to 100% funding available for properties within the Cincinnati, OH-KY-IN MSA (up to 97% outside of this MSA).

Maryland - Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Baltimore-Columbia-Towson, MD MSA
  • Washington-Arlington-Alexandria, DC-VA-MD-WV MSA  

Mississippi - Up to 97% funding available in DeSoto County only.

New Jersey - Up to 97% funding available.

North Carolina: Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Charlotte-Concord-Gastonia, NC-SC MSA
  • Durham-Chapel Hill, NC MSA
  • Fayetteville, NC MSA
  • Goldsboro, NC MSA
  • Greensboro-High Point, NC MSA
  • Greenville, NC MSA
  • Raleigh-Cary, NC MSA
  • Rocky Mount, NC MSA
  • Virginia Beach-Chesapeake-Norfolk-Newport News, VA-NC MSA 
  • Wilmington, NC MSA
  • Winston-Salem, NC MSA
  • Non-MSA counties in North Carolina, as follows:
    • ALLEGHANY COUNTY
    • AVERY COUNTY
    • BLADEN COUNTY
    • CARTERET COUNTY
    • CHEROKEE COUNTY
    • CHOWAN COUNTY
    • CLEVELAND COUNTY
    • COLUMBUS COUNTY
    • CRAVEN COUNTY
    • DARE COUNTY
    • DUPLIN COUNTY
    • GRANVILLE COUNTY
    • HALIFAX COUNTY
    • HARNETT COUNTY
    • HAYWOOD COUNTY
    • LEE COUNTY
    • LENOIR COUNTY
    • MARTIN COUNTY
    • MONTGOMERY COUNTY
    • PASQUOTANK COUNTY
    • RICHMOND COUNTY
    • ROBESON COUNTY
    • RUTHERFORD COUNTY
    • SAMPSON COUNTY
    • SCOTLAND COUNTY
    • STANLY COUNTY
    • SURRY COUNTY
    • VANCE COUNTY
    • WARREN COUNTY
    • WATAUGA COUNTY
    • WILKES COUNTY
    • WILSON COUNTY

Ohio - Up to 100% funding available in the Cincinnati, OH-KY-IN MSA (Ohio counties of Brown, Butler, Clermont, Hamilton and Warren).

Pennsylvania - Up to 100% funding available for properties within Delaware and Philadelphia Counties (up to 97% outside of these counties) 

South Carolina- Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Charlotte-Concord-Gastonia, NC-SC MSA
  • Charleston-North Charleston, SC MSA 
  • Columbia, SC MSA
  • Greenville-Anderson-Greer, SC MSA

Tennessee - Up to 100% funding available for properties within the following MSA (up to 97% outside of these MSAs):

  • Chattanooga, TN-GA MSA
  • Knoxville, TN MSA
  • Nashville-Davidson-Murfreesboro-Franklin, TN MSA

Texas- Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Austin-Round Rock-San Marcos, TX MSA 
  • Dallas-Fort Worth-Arlington, TX MSA 
  • Houston-Pasadena-The Woodlands, TX MSA

Virginia- Up to 100% funding available for properties within the following MSAs (up to 97% outside of these MSAs):

  • Richmond, VA MSA
  • Roanoke, VA MSA
  • Virginia Beach-Chesapeake-Norfolk, VA-NC MSA
  • Washington Arlington-Alexandria, DC-VA-MD-WV MSA 
  • Non-MSA counties in Virginia, as follows:
    • ACCOMACK COUNTY
    • BATH COUNTY
    • BUCKINGHAM COUNTY
    • CARROLL COUNTY
    • CHARLOTTE COUNTY
    • COVINGTON CITY
    • DANVILLE CITY
    • DICKENSON COUNTY
    • EMPORIA CITY
    • FRANKLIN CITY
    • GALAX CITY
    • HALIFAX COUNTY
    • HENRY COUNTY
    • KING GEORGE COUNTY
    • LEXINGTON CITY
    • LOUISA COUNTY
    • MARTINSVILLE CITY
    • MECKLENBURG COUNTY
    • MIDDLESEX COUNTY
    • NORTHAMPTON COUNTY
    • ORANGE COUNTY
    • PAGE COUNTY
    • PATRICK COUNTY
    • PITTSYLVANIA COUNTY
    • PRINCE EDWARD COUNTY
    • RUSSELL COUNTY
    • SHENANDOAH COUNTY
    • SMYTH COUNTY
    • TAZEWELL COUNTY
    • WESTMORELAND COUNTY
    • WISE COUNTY
    • WYTHE COUNTY

Washington, D.C. - Up to 100% funding available within the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA; up to 97% funding available for properties outside of this MSA.

West Virginia - Up to 100% funding available for properties within the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA, (up to 97% funding available for properties outside of this MSA.)

USDA Rural Development

USDA & Rural Development support table
Minimum down paymentDisclosure 7 0%
CondosDisclosure 1 Restricted
Manufactured homesDisclosure 2 Yes
Lender credit and eligible gifts Yes
Mortgage insurance Upfront and monthly guarantee fee
Maximum seller contribution 6%
Minimum borrower contribution $0
Maximum income limit Yes

What's next for you?

I want to get preapproved.Disclosure 8

Get preapproved for a mortgage.

I'm ready to apply.

Apply now for a mortgage loan.

Housing Finance Agency programs may be available in your state.

A Truist mortgage professional in your neighborhood can explain the features, benefits, availability, and eligibility requirements of state programs. These are usually best if you:

  • Have less than 20% to put down on your home.
  • Are a first-time homebuyer.
  • Want to use money that was gifted to you toward your mortgage.
  • Need additional assistance options for your down payment.
  • Are concerned about qualifying for a loan.
Find a professional to help with your mortgage needs

Or call us at 855-398-9018

We have options to make homebuying more affordable.

Our grant programDisclosure 9 can help qualified homebuyers purchase a new home in eligible areas.Disclosure 10

  • Funds can be used toward a down payment, closing costs, pre-paid items, or reserves.Disclosure 11
  • You aren’t required to be a first-time homebuyer.Disclosure 12
  • Grant doesn’t need to be repaid.

Give us a call to see if you’re eligible.

877-891-7696

HomeReady® and HomePossible®Disclosure 13

  • Up to $10,000 to qualified homebuyers purchasing in certain eligible locations inside the Richmond, VA, Orlando-Kissimmee-Sanford, FL, Charlotte-Concord-Gastonia, NC-SC, or Atlanta-Sandy Springs-Roswell, GA metro areas.

Community Homeownership Incentive Program (CHIP)Disclosure 14

  • Up to $10,000 to qualified homebuyers purchasing in certain eligible locations inside the Richmond, VA, Orlando-Kissimmee-Sanford, FL, Charlotte-Concord-Gastonia, NC-SC, or Atlanta-Sandy Springs-Roswell, GA metro areas.

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The comparison above is not a comprehensive list of underwriting requirements. Certain geographic restrictions may apply and programs are subject to change. HomeReady is a registered trademark of Fannie Mae. Home Possible is a registered trademark of Freddie Mac.

Disclosure 1 Eligible condominium projects are those that have been confirmed by Truist to meet the applicable Fannie Mae, Freddie Mac, FHA/VA and Truist condominium requirements for the loan program. Geographical limitations on total loan-to-value may apply. Please consult your loan officer for details.

Disclosure 2 Available LTV for manufactured housing varies by program, as follows: CHIP Maximum LTV is 97%, Rural Development and VA Maximum LTV is 100%; FHA Maximum LTV is 96.5%; Agency HomeReady/HomePossible Maximum LTV is 95%.

Disclosure 3 For a list of targeted markets, visit www.truist.com/grantmsa.

Disclosure 4 At least one of the occupying borrowers must meet Fannie Mae or Freddie Mac’s definition of a first-time homebuyer.

Disclosure 5 To learn about eligible locations inside the Richmond, VA, Orlando-Kissimmee-Sanford, FL, Charlotte-Concord-Gastonia, NC-SC, or Atlanta-Sandy Springs-Roswell, GA metro areas, talk to your loan officer for more details.

Disclosure 6 Visit www.benefits.va.gov/benefits for basic military service requirements. Applicants must also meet credit and income requirements.

Disclosure 7 Borrowers should note that 100% mortgage financing will result in no property equity until such time as the loan principal is paid down through regular mortgage payments and/or the property value appreciates. Additionally, if property values decline you could owe more than your property’s value. A down payment may be required if the property is located in a declining market.

Disclosure 8 Preapproval is based on non-verified information and is not a commitment to lend by Truist Mortgage. Loan approval will be subject to, but not necessarily limited to, verification of all income, asset and liability information provided by you, satisfactory property appraisal, compliance with Truist Mortgage loan program guidelines and all required closing conditions such as survey and title examination.

Disclosure 9 No cash may be paid to the borrower at closing. Only one offer per mortgage application. The loan must close to receive the benefit. The grant is not available to clients/borrowers originating a loan through a Truist-approved correspondent lender. Offer may change without notice. Grant funds may be taxable. Consult a qualified tax advisor to determine personal tax obligations. Grant contributions may be limited by applicable law or lender guidelines. Borrowers must meet all of the product eligibility requirements of Community Homeownership Incentive Program, HomeReady®, or HomePossible® mortgage loan. Property and, if applicable, flood insurance must be in effect on property securing the loan.

Disclosure 10 Talk to your loan officer about the grant eligibility requirements. If you don’t have a loan officer, call us at 877-891-7696.

Disclosure 11 Grant funds can be used for reserves with the HomeReady® or HomePossible® mortgage programs only.

Disclosure 12 Homebuyer education may be required. Speak with your loan officer about the requirements and eligible programs. If you don’t have a loan officer, call us at 877-891-7696.

Disclosure 13 HomeReady® is a registered trademark of Fannie Mae. Home Possible® is a registered trademark of Freddie Mac. HomeReady® and Home Possible® products are available in 47 states. Markets are subject to change without notice at any time.

Disclosure 14 Community Homeownership Incentive Program is available in limited geographic locations. Ask your loan officer for details on market availability or visit truist.com/CHIP. Markets are subject to change without notice at any time.

Disclosures

Truist Bank, Member FDIC. © 2025 Truist Financial Corporation. Truist, the Truist logo, Truist Purple, LightStream, and the LightStream logo are service marks of Truist Financial Corporation.

Equal Housing Lender

Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

TRUIST is a service mark of Truist Financial Corporation (Truist) and its affiliates.

Services provided by Truist Financial Corporation (Truist) affiliates: Banking products and services, including loans and deposit accounts, provided by Truist Bank, Member FDIC. Trust and investment management services provided by Truist Bank. Securities, brokerage accounts and/or annuities offered by Truist Investment Services, Inc., an SEC registered broker-dealer, and member FINRA and SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and GFO Advisory Services, LLC, SEC registered investment advisers. Some insurance products offered by Truist Investment Services, Inc. Other insurance products offered by Marsh & McLennan Agency, LLC (as successor in interest to McGriff Insurance Services, LLC) CA License #0H18131, Kensington Vanguard National Land Services, and Crump Life Insurance Services. Truist Life Insurance Services (TLIS) is a division of Crump, Arkansas License #100103477. Variable insurance material is for broker-dealer or registered representative use only. Variable products distributed by P.J. Robb Variable, LLC, Arkansas License #100110185. Member FINRA.

Marsh & McLennan Agency LLC, Kensington Vanguard National Land Services, Crump Life Insurance Services, Truist Life Insurance Services, and P.J. Robb Variable, LLC are not affiliated with Truist Financial Corporation or any of its subsidiaries.

Truist Securities is a trademark of Truist Financial Corporation. Truist Securities is a trade name for the corporate and investment banking services of Truist and its subsidiaries. All rights reserved. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. Lending, financial risk management, and treasury management and payment services are offered by Truist Bank.

Mortgage products and services are offered through Truist Bank. All Truist mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

"Truist Advisors" may be officers and/or associated persons of the following affiliates of Truist, Truist Investment Services, Inc., and/or Truist Advisory Services, Inc. Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are trade names used by Truist Bank, Truist Investment Services, Inc., and Truist Advisory Services, Inc.

Applications, agreements, disclosures, and other servicing communications provided by Truist Bank and its subsidiary businesses will be provided in English. As a result, it will be necessary for customers to speak, read and understand English or to have an appropriate translator assisting them. Please note that Truist provides translations of webpages, documents and disclosures as a courtesy and in the event of any inconsistencies or discrepancies between the English content and the translated content, the English content supersedes the translation. Truist offers phone support in Spanish at 844-4TRUIST (844-487-8478), option 9. For assistance in other languages, please speak to a representative directly.

New York City residents:

Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

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