Both Fannie Mae and Freddie Mac reintroduced conventional 3% down programs this year.  A few key differences to note:

Fannie Mae requires at least one of the borrowers to be a first time home buyer.

Freddie Mac Home Possible has income limits you can look up by clicking here.  The Home Possible program also has reduced mortgage insurance.

Both programs allow the 3% down payment to be entirely gifted by a relative, employer, or a community 2nd down payment assistance loan or grant.

More guidelines apply and we can help you with an approval in a short amount of time.  Complete a pre-approval request online and we can get you started right away: