Buy a Texas Home for Just $100 Down
Our $100 Down program makes homeownership possible even if you don’t have thousands saved for a down payment.
- Only $100 out of pocket to get started
- Closing costs can be covered by seller or lender credits
- Pre-underwritten for complete approval certainty
What Is the $100 Down Program?
The $100 Down program is designed for qualified Texas homebuyers who have limited savings. While traditional mortgages require 3-20% down, this program allows you to purchase a home with just $100 out of pocket. Closing costs can often be covered through seller concessions or lender credits, making homeownership accessible with minimal upfront cash.
Who This Program Is For
- First-time homebuyers with limited savings
- Texas residents with steady income but minimal cash reserves
- Buyers with good credit (typically 640+)
- Families currently renting who want to build equity
- Those who qualify for down payment assistance but need even lower upfront costs
- Borrowers purchasing homes in the low-to-moderate price range
Key Benefits of $100 Down
Ultra-Low Entry Cost
Get into a home with just $100 down
Seller Credits Available
Sellers can cover your closing costs in many cases
Pre-Underwriting Process
Q Mortgage pre-underwrites your file for maximum certainty
Build Equity Immediately
Stop paying rent and start building home equity
Flexible Credit Standards
Credit scores as low as 640 may qualify
How It Works
Step 1: Check Your Eligibility
We review your income, credit, and employment to determine if you qualify for the $100 Down program.
Step 2: Get Pre-Underwritten
Q Mortgage pre-underwrites your loan upfront so you have approval certainty before shopping.
Step 3: Find Your Texas Home
Work with your agent to find a home and negotiate seller-paid closing costs.
Step 4: Make Your Offer
Submit an offer requesting seller concessions to cover closing costs.
Step 5: Appraisal and Underwriting
We finalize your loan and prepare for closing.
Step 6: Close with $100
Bring just $100 to closing and get the keys to your new home.
Qualification Requirements
- Credit score typically 640 or higher
- Steady employment and income verification
- Debt-to-income ratio generally under 45%
- Property must be your primary residence in Texas
- Seller must agree to pay closing costs (or lender credits cover them)
- Meet standard loan program requirements (FHA, conventional, etc.)
- Sufficient income to support monthly mortgage payments
Is $100 Down Right for You?
Choose $100 Down If...
- You have very limited savings but steady income
- Your credit score is good (640+)
- You are competing in a market where seller concessions are available
- You qualify for standard loan programs but lack down payment funds
Consider Alternatives If...
- You have more savings available (larger down = lower monthly payments)
- You are a veteran (VA loans also offer low or no down payment)
- You are buying in a rural area (USDA offers $0 down)
- Sellers are not willing to pay closing costs
Frequently Asked Questions
Start Your $100 Down Journey Today
Don’t let a lack of savings keep you from homeownership. The $100 Down program makes it possible to buy a Texas home with minimal upfront cash. At Q Mortgage, we pre-underwrite your loan so you know you are approved before you start shopping. Stop paying rent and start building equity.