Mortgage with 1 down payment

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Ex 1: Find a Monthly Mortgage Payment with a Down Payment
The 1% Down Conventional Mortgage is a mortgage program that may allow you to drop the PMI in the future once you have more equity in your home. How does a 1 percent down mortgage work? You put down 1% and your lender gives you a 2% grant, making a 3% down payment. That's the minimum for. How to qualify for a 1% down mortgage � You must have a minimum FICO credit score of � Your income must be less than 80% of the median income.