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Gain Instant Equity With Our 1% Down Program

Reed Kawai Myers, Principal
By Reed Kawai Myers

As one of the first independent mortgage companies in the country to offer a 1% down conventional loan program, we are incredibly proud to bring this product to our local market. This program will have tremendous effects on the ability for potential homeowners to purchase property with less money down, while gaining an immediate equity boost that can help build true real estate wealth.

This program is designed for homebuyers who have taken good care of their credit, have a strong track record of employment and income, but do not have the typical 5%-20% down payment required by most loan programs. Until now, one of the few low down payment options (for non-veterans) was the FHA loan program. The standard FHA program however, typically has large upfront mortgage insurance costs and monthly mortgage insurance throughout the life of the loan. This can add thousands of dollars in closing costs during the acquisition and hundreds of dollars to your monthly payment. Our new 1% program requires no upfront mortgage insurance, and the option of no monthly mortgage insurance, all on a long term 30 year fixed rate.


Let’s look into a $500,000 purchase price scenario. In this example, you would be required to come up with roughly $5,000 (1% x $500,000). There will then be a $10,000 (2% x $500,000) lender contribution, to add to your $5,000 down payment. Because of this contribution, you will only need to borrow $485,000 ($500,000 $15,000).

When you move into your new home, you owe $485,000, and your property is likely valued at $500,000. Remember that equity is the difference between what you owe and what your property is worth. You now have $15,000 in instant equity that you only contributed $5,000 towards. This immediately puts you into a stronger financial position than almost any other low down payment option available today.

Call one of our mortgage advisors today to find out how our program can make your vision of homeownership a reality and set you on the path to a strong financial future.


“We truly experienced what we feel everyone should from your lender. Reed was very informative and explained in detail each step of the refinancing process . He fully educated us in the choosing of our interest rates which was customized to fit our needs and what we were comfortable with as it pertained to our budget . He made us feel like family all the way through til the end.

We’ve experienced more than our share of financing and refinancing during the ownerships of several properties and found that this time it was special.

Also, the staff at Myers Capital were everything from helpful to just being attentive to all of our needs during this process.

And YES, we’ve already advised several friends and family to choose Myers Capital as their lender when it’s time for them to take on the challenge of being a homeowner.

Sincere Mahalo!”

Mr./Mrs. William & Lyn Lurbe

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