One+ loan program offers a 1% down payment option for purchasing homes

in all 50 states. The program features a 2% forgivable grant, making it

equivalent to a 3% down payment. Unlike most down payment assistance

loans, the grant is completely forgivable at closing without any lien,

monthly payment, or payback obligations. The loan has no PMI and is

available to both first-time homebuyers and those who have previously

purchased homes, with certain income and credit score requirements.

While the program has many benefits, there's a maximum loan limit of

$350,000, which may limit its use in high-cost areas like California.
### Highlights
- 💡 One+ program allows 1% down payment for buying homes in all 50 states.
- 💰 2% forgivable grant reduces effective down payment to 1%.
- 🏠 Forgivable grant has no lien, monthly payments, or payback conditions.
- 🚫 No PMI (Private Mortgage Insurance) required.
- 🎯 Available for first-time and repeat homebuyers with specific income and credit score criteria.
- 📉 Lower maximum loan limit of $350,000 could limit use in expensive areas.
- 🧮 Comprehensive calculator available to estimate affordability based on income and debts.
- 🏦 Seller credits permitted to cover closing costs, usually around 3% of the purchase price.