3% Down Mortgages

Saving thousands of dollars for a down payment is a steep hill to climb. Our low—and no-money-down mortgages for qualifying borrowers help level the playing field. 

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Knocking down another obstacle to homeownership.

With car loans, student loans, and a growing family, it's difficult to save money — but that doesn't mean you have to delay your dreams. Arbor Financial's 3% Down Mortgage means you could need thousands of dollars less for a down payment than with conventional loans to buy a home in Michigan.

Call us today at 269.544.3105 and find out what our team can do for you!

Speak with a Mortgage Specialist

family with keys outside new home

Here's how a 3% Down Loan can move you into a new home:

  • Perfect for buyers who have limited funds for a down payment.
  • Several loan terms are available.
  • Low 3% down payment.
  • Closing costs will still be needed
  • Easy application process with a quick response.
  • Loan pre-approval process to help you focus your housing search.
  • Loan serviced at Arbor Financial, so you'll always speak to someone local should you have questions.

When you're ready to apply, here's what to consider:

You'll need documentation for all borrowers, including:

  • Social Security number
  • Contact and employment information
  • Best estimates of income, assets, and liabilities

Once you've applied, we'll contact you to:

  • Guide you through the loan process
  • Complete your loan application package
  • Help you select the best program and interest rate

Michigan State Housing Development Authority (MSHDA)  

Arbor Financial is one of the few certified partners of MSHDA. This great partnership allows us to help our members more by adding another downpayment assistance program to our catalog. Qualified borrowers can get up to $10,000 to help with closing costs, down payments, or prepaid expenses. All our Mortgage specialists are experienced in the program and ready to help you. 

MSHDA also allows qualified members to claim a Mortgage Credit Certificate (MCC). MCC is a tax credit that will enable borrowers to credit 20% of their annual mortgage interest on their taxes for up to 30 years. 

Speak with a Mortgage Specialist

downpayment assistance