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Address
TENNESSEE LOCATION
1840 Pyramid Pl. Ste 320
Memphis, TN 38132
Phone
901.545.5700
Address
MISSISSIPPI LOCATION
7160 Tchulahoma Rd. Ste A1
Southaven, MS 38671
Phone
901.296.0007
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What is a 1% Down Convention Loan?
The 1% Down Convention Loan is a mortgage program that requires only a 1% down payment from the borrower. The lender, in this case, Anchor Financial, contributes an additional 2% towards the down payment, making it a total of 3% down. This innovative approach helps alleviate the burden of a substantial upfront payment, making homeownership more attainable for aspiring homeowners.
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