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Making Down Payments Easy with ONE+

02.07.2024 | Category: Article

Buying your first home can seem daunting, so it is important for your clients to be well-educated on how to save for down payments and which programs they qualify for. With many program options to choose from, the ONE+ mortgage program may be a perfect fit for first-time homebuyers, as well as repeat homebuyers who make less than or equal to 80% of the area median income (AMI) of the location they’re buying in. Below are some ways you can help your borrowers save by qualifying for ONE+. The ONE+ program allows prospective homebuyers to purchase a home for as little as 1% down, helping to ease the down payment requirements for obtaining a mortgage. Below are some ways in which you can both help clients save and educate them on our new ONE+ Program for first-time homebuyers. 

How to Help Clients Save 

One of the most important things to ensure your clients are clear on when entering the homebuying market is the down payments. Because it is one of the more expensive costs associated with homebuying, borrowers should be clear on their options and how to save efficiently.  ONE+ allows clients to put down as little as 1% on their new home without needing to save for a heft down payment of 20% or more.

Here are some steps to help ensure your clients are clear on their options and ready to save: 

  • Outline a Realistic Budget
  • Establish a Saving Goal
  • Optimize Credit Scores 

Along with these three tips, it is also important to consider educating your clients further on available programs and options to ensure your clients are saving as much as they can on their new home. While there are many programs offered across FHA, VA, and USDA loans, one of the best offers Mutual of Omaha Mortgage has for first-time homebuyers is the ONE+ program.  

Highlights and Benefits of ONE+ 

The ONE+ mortgage program is a great option for clients who are first-time homebuyers, as well as repeat homebuyers. With options allowing you to put as little as 1% down on a new home, ONE+ aims to make the homebuying experience easier and more approachable for your clients.  

  • 1% down payment
  • 2% grant provided by the lender 
  • Reduced private mortgage insurance (PMI)
  • Buyer must make less than or equal to 80% of the area median income (AMI) of the location they’re buying in
  • New home must be their primary residence 

Explore our ONE+ Program Today

If your clients are ready to enter the homebuying market, the ONE+ mortgage program from Mutual of Omaha Mortgage may be a great asset to their journey! If you have any questions, give us a call at 1-800-24-RATES to speak to one of our qualified loan officers today!  

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