3% Down Home Loans

For homebuyers who have as little as 3 percent down payment, our home loan experts are available to help with you every step of the way.

Your home ownership dream starts with 3% down at Peak

If you’re considering purchasing a home, especially if you’re a first-time homebuyer, you might be feeling a little overwhelmed with the up-front costs. Peak has created a special home loan program to ease the burden, with lower down payments and fewer restrictions on new borrowers.

The 3% Down mortgage loan covers 97% of your home loan, reducing your down payment requirement to just 3%. Additionally, there are no income restrictions and you can use gifted funds from relatives for the down payment. 

home owners sitting amongst moving boxes

Key benefits of the 3% down program

  • Affordable 3% down payment, with a budget-friendly fixed rate
  • 100% gift funds are permitted for down payment and reserve requirement
  • Reduced mortgage insurance premiums available
  • No income restrictions
  • Homebuyer education class not required
  • While this program allows for primary residences only, the borrower may have owned other residential properties

Ready to buy a home?

Apply online or call us 24/7 at (800) 258-3115. Our home loan experts are available to help with your questions.

All loans subject to credit approval. Minimum FICO is 680. Standard closing costs and fees still apply. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Mortgaged property must be located in Washington or Oregon state. Certain restrictions may apply. Contact a mortgage loan officer for more details. Equal housing opportunity lender. NMLS #530610

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Let's get started on moving you into a new place of your own.

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