Down Payment Assistance

Concerned that a big down payment will keep you from owning your dream home? At Supreme Lending, we offer down payment programs to lessen that burden. You could you be in your new home for little to no money down.


  • Up to 100% financing options available with our Supreme Dream program + FHA loan
  • No Income limits
  • Down payment in the form of a second lien can be forgiven with 36 on time payments on the first lien – Income limits apply for forgivable second lien.


  • Supreme Dream- Assistance is a second mortgage on the home
  • Other Programs – Must meet income, property type, credit, or employment requirements

Fannie Mae HomeStyle® Renovation Mortgage

The Fannie Mae HomeStyle® Renovation Loans are great for homeowners who are looking to update their home.

Program Highlights:

  • $424,100 Loan Limit
  • This is a Conventional Fannie Mae Loan (with low interest rates)
  • Only a 5% down payment for Owner Occupied
  • This program will not delay your closing time! All work happens AFTER funding
  • Add a Swimming pool
  • Eligible Improvements include anything that is Permanently Affixed to the Property and Brings Value
  • Cosmetic Improvements including Interiors, Kitchens, Baths, Flooring, and other remodeling
  • Energy conservation improvements
  • Structural Alterations such as Repair or Replacement of Structural Damage
  • Additions to Structure and Finished Attics and/or Basements
  • Eliminating health and safety hazards
  • Changes for Improved Functions and Modernization
  • Repairing or Adding Roofing, Gutters and Downspouts
  • Landscaping, Grading, Repairing Patios and Terraces that Improve the Property
  • Decks/Fences
  • Rehabilitation or Improvements to a Detached Garage
  • Add a New Detached Garage, or the Addition of an Attached Unit

Program Highlights:

  • Improvements May Equal up to 50% of “After Improved” Value
  • Loan to Value up to 95%
  • Loan Amounts to $424,100
  • 620 Minimum FICO Score
  • Owner Occupied Primary, Second Homes, Investment Properties

FHA 203(k) Purchase & Renovation Loan

Buying and Renovating the House of Your Dreams with the FHA 30 Year Fixed 203K Purchase & Renovation Loan

Program Highlights:

  • Only 3.5% Down Payment required
  • Total Financing Amount is based on After Improved Value
  • One Loan, One Closing and One Payment for both the Home Purchase + Renovation Costs
  • Update a kitchen, build an addition or remodel the entire home
  • Loan Amounts subject to maximum FHA County loan limits
  • Project time can be allotted up to 6 months to complete
  • Available for Purchase and Refinance

First Time Homebuyer Programs

These programs assist the first-time homebuyers who do not have the resources to make a down payment on a home.


  • Lower down payment
  • Easier to qualify
  • May get lower rates


  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if the home is sold too early

New Construction Condominiums

Tired of dealing with mortgage lenders that say they provide you with end-buyer financing for your condo development only to learn later that they lack the expertise needed to deliver on those promises? At Supreme Lending, we have collaborated with builders and developers on over 200 condominium projects nationwide, including unique projects like the Ritz Carlton and The Museum to obtain FannieMae and investors approvals where other lenders have struggled. Put our professionals to work on your next project to reduce financing turntimes and avoid roadblocks to achieving warrantable status.


  • Provide clarification of mortgage industry guidelines on project development and approval for conventional loans
  • Implement the tools necessary to obtain FHA and VA project approval and enhance availability of market purchasers of units
  • Present valuable feedback to increase salability of individual units within typical mortgage markets


  • Offer a sensible view from a lender perspective to maximize unit sale potential prior to breaking ground
  • Maintain accessible and responsive communication throughout the development process
  • Conduct site visits for an understanding of the project as a whole and how the timing of each phase will maximize the availability of individual unit financing


  • Adhere to established expectations and timelines we provide to the builder and developer
  • Project approval from Supreme Lending that is generally accepted through FannieMae, FreddieMac, and other national investors


  • Assist to free up individual unit financing by asking the right questions to the secondary markets
  • Provide a network of resources to develop answers, establish direction and deliver home ownership


  • Attentive to details and ensure delivery of on time results

Portfolio Loans

Doctor Loan Program

Designed for borrowers who are licensed* doctors AND have student loans that are currently deferred for 12 months or more.


  • 5/1 or 7/1 Adjustable Rate Mortgage (ARM)
  • Low down payment options available – based on credit score
  • Use to purchase a new home or refinance (rate/term) a current mortgage
Program Disclaimer: *Specific license types apply. Please contact Supreme Lending for details.

Portfolio A 

We are making Jumbo financing even better! Take advantage of today’s low rates for a 15 or even 30 years, or elect to enjoy greater flexibility in the future.


  • Available on Jumbo loans up to $2,000,000
  • Competitive rates
  • Fixed rate options for 15 or 30 years
  • Adjustable rate mortgages include 5/1 ARM, 7/1ARM, 10/1 ARM, 5/5 ARM, and 15/15 ARM

Supreme Dream – No Money Down Loan

The Supreme Dream* down payment assistance program is coupled with an FHA loan to provide 100% financing for eligible homebuyers.


  • No borrower investment required
  • Provides 3.5% of the purchase price in the form of a forgivable second mortgage or a mortgage paid over the next 30 years
  • If your income is less than or equal to 115% of the local Area Median Income the downpayment grant** is forgiven after 36 on-time payments on your first mortgage
  • If your income is greater than 115% of your local Area Median Income, the second mortgage for the downpayment is at a 5% interest rate if paid over 30 years
Program Disclaimer:
*Funds provided by the Chenoa Fund. Must meet minimum requirements for Chenoa Fund downpayment assistance and FHA       loan program.
**Down payment includes amount from subordinate financing, which assumes a second lien.

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