CLICK HERE TO SEE IF YOU QUALIFY FOR THE 1% DOWN PAYMENT PROGRAM CLICK HERE TO SEE IF YOU QUALIFY FOR THE 1% DOWN PAYMENT PROGRAM CLICK HERE TO SEE IF YOU QUALIFY FOR THE 1% DOWN PAYMENT PROGRAM CLICK HERE TO SEE IF YOU QUALIFY FOR THE 1% DOWN PAYMENT PROGRAM

Book an Appointment

Everyone deserves a
place to call their own

Discover financing solutions designed to make your dream home a reality.

Explore my options

Home Purchase Comparison – $451,000 Home

Bluenest 1% Down Program vs. Conventional Loan vs. FHA Loan

Category

Home Price
Down Payment
Estimated Closing Costs
Total Upfront Cash Needed

Bluenest 1% Program

$451,000
$4,510 (1%)
$0  (included in $4,510)
$4,510 total

Conventional Loan (5% Down)

$451,000
$22,550 (5%)
$25,000
$47,550 total

FHA Loan (3.5% Down)

$451,000
$15,785 (3.5%)
$25,000
$40,785 total

Monthly Payment Breakdown

(Assuming 6.75% interest on first mortgage, 30-year fixed, and $6,000/year in taxes + insurance)

Item

First Mortgage Payment (P&I)
Second Mortgage Payment (P&I)
Property Taxes & Insurance
Mortgage Insurance (PMI/MIP)
Total Estimated Monthly Cost

Bluenest 1% Program

~$2,000
~$100–$300
~$500
❌
$2,600–$2,800

Conventional Loan

~$2,775
❌
~$500
~$200
~$3,475

FHA Loan

~$2,975
❌
~$500
~$300
~$3,775

What Sets Bluenest Apart?

Feature

Forgivable Loan (3rd Mortgage)
2nd Mortgage with Low Interest
Private Mortgage Insurance (PMI/MIP)
Lower Monthly Payments
Designed for Workforce Buyers
Includes All Closing Costs in 1% Down
Total Upfront Cost

Bluenest 1% Program

✅ Up to $35,000
✅ $80K–$100K
? None
✅ Yes
✅ Yes
✅ Yes
$4,510

Conventional Loan (5% Down)

❌
❌
✅ Yes
❌
❌
❌
$47,550

FHA Loan (3.5% Down)

❌
❌
✅ Yes
❌
✅ Yes
❌
$40,785

Bluenest's 1% Down Payment Program – Frequently Asked Questions (FAQ)

At Bluenest, we’re committed to making homeownership affordable for first-time buyers in Miami-Dade. Through our partnership with County programs, many of our homes qualify for layered financial assistance that can dramatically reduce your upfront and monthly costs.

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy

Qualified buyers can access up to three layers of assistance:
✅ Only 1% Down Payment Required – INCLUDING CLOSING COST !!!
? Second Mortgage

Up to $100,000 at 1% interest (for homes in designated areas)
OR up to $80,000 at 2% interest (in all other eligible areas)

? Third Mortgage

Up to $35,000
0% interest and fully forgivable after 15 years of occupancy