Allen Edwin is committed to helping you achieve your dream of home ownership. Our experts have helped many people get financing. Here are some popular down payment methods that we help our customers with.
FHA
3.5% down payment
RD
0% down payment
VA
0% down payment for active military and veterans
Conventional
From 3% down
The USDA's office of Rural Development (RD) works with approved lenders to guarantee loans
to borrowers for single family homes in eligible areas. The purpose is to provide financing - with
no down payment, at favorable fixed rates on a 30-year term. RD programs are relatively risk
free.
Allen Edwin offers a savings program that can help you save for a down payment.
The process is simple. First write an earnest money check and then make payments on the
remainder of the down payment until closing. At that time, the new home is built, and all of the
down payment has been collected from you.
Contact one of our Online Sales Advisors at OSA@allenedwin.com for information to obtain your
free credit report!*
*Free credit report information may be from an Allen Edwin Homes approved Preferred Lender.
Allen Edwin Homes has partnered with our Preferred Lenders to offer interest rate lock protection.
In today’s volatile interest rate environment where a 1% increase in rates will take away from you
10% of your buying power, give yourself peace of mind to lock in your rate after you are mortgage
approved to lock in your monthly payment. Ask for a list of Preferred Lenders and interest rate
lock programs up to 360 days from completing your home and how you can save on your upfront
earnest money deposit (EMD) and save money if interest rates rise.
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Interest rates, payments, terms and availability are examples only and are subject to change without notice. Interest rates may not be available at the time of loan commitment or closing. Loans are subject to credit approval. Restrictions and conditions may apply for all Allen Edwin Homes and affiliate partner buyer programs. * This is NOT a commitment to lend. Financing example is based on the sales price with a 5% down payment. Mortgage is a 30 year Fixed Rate Mortgage loan with an interest rate of 5.625% fixed with 2 points (APR to be determined by a lender). Monthly principal and interest are included in the above payments. Monthly taxes, mortgage insurance and hazard insurance are not included in the payments for this loan program. HOA dues are additional and not included in the above payment. Maximum loan amounts are based on county limits and vary between counties. See a lender for information. Not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. Interest rates, payments, terms and availability of this loan program, and the sales price, are examples only and are subject to change without notice. Interest rates may not be available at the time of loan commitment or closing. Loans are subject to credit approval. Restrictions and conditions may apply. Interest rate and APR for Fixed Rate Mortgage (ARM) programs are subject to increase or decrease. Rates are quoted as of 1/02/24.