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%
CondosfootnoteDisclosure 1 Yes
Manufactured homesfootnoteDisclosure 2 No
Eligible gifts Yes
Mortgage insurance Yes
Maximum seller contribution 3%
Minimum borrower contribution $0
Maximum income limit None

What's next for you?

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, opens in new tab

We have options to make homebuying more affordable.

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

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

877-891-7696, opens in new tab

HomeReady® and HomePossible®footnoteDisclosure 13

  • Up to $1,500 towards a primary residence in targeted marketsfootnoteDisclosure 3
  • Up to $10,000 to qualified homebuyers purchasing in certain eligible locations inside the Washington-Arlington-Alexandria-DC-VA-MD-WV, Richmond, VA or Atlanta-Sandy Springs-Roswell, GA metro areas

Community Homeownership Incentive Program (CHIP)footnoteDisclosure 14

  • Up to $10,000 to qualified homebuyers purchasing in certain eligible locations inside the Washington-Arlington-Alexandria-DC-VA-MD-WV, Richmond, VA or Atlanta-Sandy Springs-Roswell, GA metro areas