Marcus Wright Mortgage
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Buying a home

One percent down option

The short answer A one percent down option is a lender-specific assistance structure, not a standard mortgage category. Some lenders have offered eligible conventional loans that combine a small borrower contribution with lender assistance, and the caps and conditions can change. Your total cash needed may be more than one percent once closing costs and other requirements are added, so ask Marcus about current options.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You have steady income but very limited savings.
  • You are buying a primary home and want to see every low-cash route.
  • You want a full scenario that shows exactly who pays what at closing.

Tradeoffs to weigh

  • Availability depends on the lender and can change or end.
  • Income, credit, property and loan-size rules apply.
  • Closing costs and reserves may still be due on top of your contribution.

What to have ready

  • Your household income and how you're paid.
  • The area and price range you're shopping in.
  • How much cash you have for closing costs.
  • Any other assistance or gift funds you plan to use.

Questions people ask

Does the lender cover every remaining expense?

No. Ask for a complete scenario showing the assistance, your contribution, closing costs and reserves.

Can anyone use it?

No. Income, credit, property, loan-size and lender participation rules apply.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Ask Marcus

Related topics

Conventional mortgage Low-down-payment conventional loan (Conventional 97) HomeReady Home Possible FHA mortgage VA mortgage See the loan programs All topics
Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

Check my license on NMLS Consumer Access

I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan