Guild Mortgage upgrades 3-2-1 Home Plus program to open more doors for first-time homebuyers

Customers can buy a house with 3% down payment; Guild offers $2,000 gift card plus $1,000 to $2,500 for closing

SAN DIEGO, October 07, 2022–(BUSINESS WIRE)–Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage company that originated and serviced residential loans since 1960, has upgraded 3-2-1 Home, its innovative mortgage program designed to provide homebuyers with a low payment option and the flexibility to own the home.

Guild’s latest 3-2-1 Home Plus program allows customers to buy a home with as little as 3% down. As part of the program, Guild is offering a $2,000 Home Depot gift card as well as additional assistance ranging from $1,000 to $2,500, depending on area median income (AMI) and property type. , which can be applied to closing costs or increase the down payment.

Unlike other down payment programs, the 3% down payment program through Guild can be funded with a gift, such as a wedding or graduation gift. To be eligible, borrowers must have a minimum credit score of 620. The program is available to first-time home buyers in the 49 states where Guild operates and the District of Columbia, for the purchase of single-family residences, condos and manufactured homes.

“We are constantly looking for innovative ways to serve first-time home buyers, especially with so much difficulty paying a down payment or finding a home that meets their needs in today’s competitive housing market,” said Guild CEO Mary Ann McGarry. “We launched the original 3-2-1 Home program in 2018, helping thousands of first-time home buyers. With our new 3-2-1 Home Plus program, the increased help means our customers receive up to ‘to $2,500 for closing costs, helping people enter homes while preserving cash flow.’

David Battany, executive vice president of capital markets at Guild Mortgage, said 3-2-1 Home Plus helps ease financing challenges for low-to-moderate income first-time buyers, while providing the flexibility to purchase a home they might not otherwise consider.

“In many cases, a first-time buyer can pass on a property that needs a few improvements,” he said. “The Home Depot Gift Card provides a sense of security. The customer can buy a home in an area they love and make those improvements, whether it’s new flooring, new coats of paint or landscaping. They may also choose a new water heater, washer and dryer, energy-efficient windows, design services, or any other product or service offered by The Home Depot.”

For more information about the program, visit

Based in San Diego, Guild Mortgage is a leading national lender with an established history of offering a full suite of loan products and partnering with government organizations to help fulfill the promise of a home in every neighborhood and community. Its lending professionals can meet the needs of any homebuyer, whether it’s helping first-time buyers access homeownership, often through government loan programs, or buyers looking for a home. a jumbo loan. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% funding and flexible qualification standards. The company is consistently recognized for its impact in the communities it serves, its commitment to customer service, its strength in regulatory compliance and its corporate culture.

About Guild Mortgage

Founded in 1960 when the modern American mortgage industry was just taking shape, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products as well as local in-house origination and services. Guild’s collaborative culture and commitment to diversity and inclusion enable it to provide a personalized experience for every customer. With more than 4,000 employees and more than 250 retail branches, Guild maintains relationships with credit unions, community banks and other financial institutions and provides loans in 49 states and the District of Columbia. Guild’s highly trained lending professionals are experienced in government sponsored programs such as FHA, VA, USDA, Installment Assistance Programs and other specialty lending programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose Class A common stock trades on the New York Stock Exchange under the symbol GHLD.

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