Buy a Home with Just 1% Down – JPAL Mortgage
Just 1% Down Gets You Closer to Home*
Don’t have a big down payment? No problem. With our 1% Down Payment Mortgage Program, you could buy a home with just 1% down — and your lender covers another 2%. That means 3% down total at closing, with less cash out of your pocket.
This program is perfect for first-time homebuyers in Michigan (but you don't have to be), and even better — you can use gift funds to cover your part completely. It's offered by one of our top lending partners in Michigan - United Wholesale Mortgage.
How It Works:
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You contribute: 1% of the purchase price
- Lender contributes: 2% toward your down payment
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Total down payment at closing: 3%
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Eligible loan type: Conventional
- Other great news: The lender's contribution is a grant and doesn't need to be repaid! Also, gift funds are allowed!
Example Scenario:*
Let’s say you’re buying a $200,000 home:
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You pay: $2,000 (1%)
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Lender adds: $4,000 (2%)
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Total down: $6,000 (3%)
✅ And that’s it — no big savings required to get into your dream home.
Who’s This Program For?
This low-down-payment loan could be a great fit if you:
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Are buying a primary home in Michigan
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Have limited cash for a down payment
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Are looking for a conventional loan with great terms
Wondering if you qualify? Let’s find out together — no pressure, just clear answers.
Why Choose JPAL Mortgage a Low Down Payment Loan in Michigan?
JPAL Mortgage is proudly based in Michigan, where its two owners were born and raised! We love this state and have traveled it far and wide. It's a passion of ours to help make a smooth landing here in Michigan!
Give us a call at 616-465-5725. Or fill out this short form and we'll respond quickly.
JPAL Mortgage – Your best friend in home finance.
*Program offered by United Wholesale Mortgage, a current wholesaler of JPAL Mortgage. The principal, interest and MI payment on a $200,000 30-year Fixed-Rate Loan at 6.625% and 97% loan-to-value (LTV) is $1,370.62. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 06/10/25. United Wholesale Mortgage pays the lesser of 2% or $7,000 of the down payment. Borrower pays 1% of the down payment (or remaining down payment needed if 2% exceeds $7,000). Subject to borrower approval. Some exclusions may apply.
What do clients say about us?
"Jeremy helped us with the purchase of our very first home. He was extremely helpful throughout the entire process. He answered every question we had - big or small - as if it was the most important thing he could be doing in that moment. He made us feel very cared for and was extremely efficient at giving us updates along the way. Do not question your choice to work with Jeremy! We are so glad we did."
-JUSTINE L.
"Adam made the lending process super easy and worry free. Very responsive and willing to take the time to educate throughout the process. Incredibly quick to close as well. Highly recommend for all your mortgage needs!"
"It was a pleasure working with Ryan! He was timely and knowledgeable about the industry. Ryan makes the home buying process enjoyable!"
"JPAL is absolutely fantastic! I've worked with Jeremy on multiple mortgages and he always impresses and delivers! What Jeremy and Adam are building at JPAL is excellent for all homeowners. I very highly recommend JPAL!!"
"Travis Hunt is the best mortgage professional I've worked with! He is knowledgeable, has great communication throughout the process and always puts the client's needs first! I'd recommend Travis Hunt and JPAL to anyone!"