The program allows eligible borrowers to make a down payment as low as 3%, making homeownership more accessible for those with limited savings.
The program offers up to $2,500 toward closing costs, reducing the financial burden associated with purchasing a home.
Borrowers receive a $2,000 eGift card to The Home Depot®, providing resources for minor repairs or improvements to their new home without depleting cash reserves.
The program's financial benefits, including the down payment assistance and closing cost assistance, reduce the upfront costs associated with buying a home, easing the financial burden on borrowers.
Navigating the complexities of buying a home can be daunting, especially when faced with rigid credit scores and high down payment demands. Our 3-2-1 Home Plus Program is your key to unlocking homeownership with ease and flexibility.
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
*In the state of NV, the consumer receives a $2,000 lender credit in lieu of a gift card. Payment subject to maximum allowable lender credit and minimum contribution requirements. Some loans require a minimum cash investment by the borrower, which may limit the amount of any lender credit or payment by Guild under the offer.
**Freddie Mac BorrowSmartTM down payment/closing cost assistance amounts of $1,000 or $1,250 based on Area Median Income and other eligibility criteria. Very low-income customers receive $2,500 based on Area Median Income and other eligibility criteria. $1,000 assistance applies to manufactured homes.
Guild Mortgage is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Home Depot Product Authority, LLC. All rights reserved.
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Traditional homebuying programs often have rigid requirements that can be challenging for first-time buyers with low-to-moderate income. However, the 3-2-1 Home Plus Program offers down payment flexibility and valuable benefits, making it an ideal option for those looking to enter the housing market without the constraints of traditional mortgage programs.
This calculator is offered for illustrative and educational purposes only and it is not intended to replace a professional estimate. Calculator results do not reflect all loan types and are subject to individual program loan limits. All calculations and costs are estimates and therefore, Guild Mortgage (“Guild”) does not make any guarantee or warranty (express or implied) that all possible costs have been included. The assumptions made here and the output of the calculator do not constitute a loan offer or solicitation, or financial or legal advice. Please connect with a Guild loan professional for a formal estimate. Every effort is made to maintain accurate calculations; however, Guild assumes no liability to any third parties that rely on this information and is not responsible for the accuracy of rates, APRs or any other loan information factored in the calculations.
Our program is designed to make your journey towards homeownership as straightforward as possible, allowing you to achieve optimal results without unnecessary complications. Applying for our program is simple and straightforward, requiring just four easy steps.
The process often begins with an initial consultation between the applicant and a mortgage specialist or loan officer. During this consultation, the applicant can discuss their financial goals, preferences, and eligibility for the program.
The applicant is required to gather and submit necessary documentation to support their application. Based on the information provided and the documentation submitted, the lender may pre-qualify or pre-approve the applicant for the program.
Once pre-qualified or pre-approved, the applicant can proceed to complete the official loan application. This application includes detailed information about the property being purchased, the loan amount, terms, and other relevant details.
As part of the application process, the lender typically orders an appraisal of the property to assess its value. Additionally, a title search is conducted to ensure there are no outstanding liens or issues with the property's ownership.
Once the underwriting process is complete and the loan is approved, the applicant proceeds to the closing stage. During closing, legal documents are signed, funds are disbursed, and ownership of the property is transferred to the buyer.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
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With Guild's 3-2-1 Home Plus Program, owning your dream home is closer than you think! Designed for first-time homebuyers with low-to-moderate income, this program offers the flexibility of a 3% down payment and valuable benefits such as a $2,000 eGift card to The Home Depot®* and up to $2,500 toward closing costs*. Say goodbye to hefty upfront expenses – your path to homeownership starts here!
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
*In the state of NV, the consumer receives a $2,000 lender credit in lieu of a gift card. Payment subject to maximum allowable lender credit and minimum contribution requirements. Some loans require a minimum cash investment by the borrower, which may limit the amount of any lender credit or payment by Guild under the offer.
**Freddie Mac BorrowSmartTM down payment/closing cost assistance amounts of $1,000 or $1,250 based on Area Median Income and other eligibility criteria. Very low-income customers receive $2,500 based on Area Median Income and other eligibility criteria. $1,000 assistance applies to manufactured homes.
Guild Mortgage is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Home Depot Product Authority, LLC. All rights reserved.
To be eligible for the 3-2-1 Home Plus Program, clients typically need to meet the following criteria: Be a first-time homebuyer. Have a credit score as low as 620. Qualify for conventional financing with a 3% down payment. Meet income limits set by the program. Participate in pre-purchase counseling as required.
Clients who qualify for the program receive a $2,000 eGift card to The Home Depot®. This can be used for minor repairs or improvements on the purchased home, providing additional resources without tapping into their cash reserves.
The up to $2,500 toward closing costs offered by the program can typically cover expenses such as loan origination fees, appraisal fees, title insurance, and other closing costs associated with the home purchase.
The program generally applies to 1-unit single-family residences, condos, and manufactured homes that meet the program's guidelines. Clients should confirm property eligibility with their lender or program guidelines.
Pre-purchase counseling is a requirement for the program and aims to educate clients about the responsibilities and financial aspects of homeownership. The duration and content of counseling sessions can vary but typically cover topics such as budgeting, mortgage terms, home maintenance, and understanding the homebuying process.
Pre-purchase counseling requires a $99 counseling fee.
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Getting approved for a VA loan begins with taking a look at your unique situation.
Getting approved for a VA loan begins with taking a look at your unique situation.