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Local Home Loan Company Announces 1% Down Payment Program

Good Co. Broker Club is on a mission to make homeownership attainable and more affordable.

Published online: Apr 13, 2023 Articles, Business, East Idaho Business
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Good Co. Broker Club, an Idaho Falls mortgage brokerage serving clients throughout Idaho, has announced a new product that is set to make homeownership more affordable and accessible to potential homebuyers. The Conventional 1% Down product is designed to help borrowers get into homes faster and easier this spring by allowing them to purchase a home with a down payment of only 1 percent contributed by the borrower.

With the Conventional 1% Down program, Good Co. Broker’s broker partner will contribute an additional 2 percent, up to $4,000, giving the borrower a total of 3 percent for their down payment.

“We are committed to finding and implementing solutions that will help more borrowers get into homes faster, easier, and cheaper, and the Conventional 1% Down product is an excellent example of how we’re doing that,” said Tyler Kraupp, CEO of Good Co.

The product will be available for homebuyers who have an income at or below 50 percent of the Area Median Income (AMI) and a 97 percent LTV. The goal of this product is to enable more homebuyers to reach their minimum down payment faster and easier, with the lender providing the additional funds for borrowers to achieve 3 percent equity on Day One.

This new product follows the recent launch of a one time close new construction loan for conventional and VA. For more information, please visit www.goodcobroker.com

Equal Housing Lender. NMLS #2440270 


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