Conventional Mortgage Program

A down payment assistance program featuring a forgivable second mortgage to help borrowers with home purchase costs.

Underwriting at a glance

Minimum FICO
640+
Max LTV (purchase / rate-term)
-
Max LTV (cash-out)
-
Loan amount
-
Documentation
-
States
most states

Highlights

  • Forgivable second mortgage option available
  • 100% financing available
  • Includes coverage for closing costs
  • Zero down payment assistance
  • Manual underwriting now allowed
  • Manual underwriting available
  • Repayable or forgivable assistance options
  • Overcome down payment hurdles with Boost DPA
  • No Income Limits
  • 2/1 and 1/0 Buydowns available
  • First Time Buyer Not Required
  • Underwritten Entirely In-House
  • No Borrower Down Payment Required
  • Help more clients close with less cash out of pocket

Want to see if you qualify?

Tell us about your scenario - we'll come back with current pricing and exact guidelines.

Program guidelines and rates can change at any time without notice. Last confirmed 8/30/2026. Not a commitment to lend.

Today's mortgage rates

Conventional

6.250%

6.288% APR

FHA

5.750%

5.780% APR

VA

5.750%

5.780% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Have a term sheet or loan estimate?

Upload a competing offer. We'll show you what we can save you.

Backed by a $2,000 Best Price Guarantee. Terms

Not ready to apply?

No pressure. Reach out with your scenario and we'll get back to you with a same-day response.

Jennifer Kirby

Rate Direct is run by Jennifer Kirby. Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.

NMLS# 2672337 Loan Factory Inc., NMLS# 320841

jennifer@ratedirect.netjennifer.kirby@loanfactory.com

Backed by Loan Factory's $2,000 Best Price Guarantee

Find a lower rate elsewhere? We'll beat it or pay you $2,000. Send your competing Loan Estimate and we'll return a side-by-side comparison the same day.