If you’re like many homebuyers, you’re waiting to buy a home until you save for a down payment. But you may qualify for a mortgage with no money down. With our Zero Down program, you may be able to buy sooner.
What is a no down payment mortgage?
The Zero Down program gives you the option to buy without a down payment. It removes this common roadblock for lots of first-time and repeat homebuyers. You can start the journey to homeownership without waiting to save.
This program offers options to homebuyers with less than perfect credit scores and low to moderate-income. They’re one of the easiest mortgages to qualify for because they provide more flexible credit score requirements.
Our Zero Down program pairs a standard FHA first mortgage for up to 96.5% of the total purchase price plus second mortgage options to go toward down payment and/or closing costs. The second mortgage provides down payment assistance of 3.5-5% of the purchase price as forgivable financing or repayable lien. Your loan officer can provide guidance on the best option for your situation.
You can come to the closing table without a down payment and get into a home you can afford.
Take the first step to homebuying with no down payment
Connecting with one of our loan officers can help you determine the best home loan option for your family. We can review the details of your situation and help guide you through the loan application process, collecting paperwork and documentation and getting the process started.
⚪️Must occupy the home as your primary residence
⚪️Fixed-rate loan options only
⚪️Credit scores as low as 640 to qualify
⚪️No down payment required
⚪️First-time and repeat homebuyers eligible
Why you should choose a no down payment mortgage
If you’re a first-time homebuyer who doesn’t want to wait to save, this loan may be a great option for you. There are many benefits to owning a home like building equity, having the freedom to make creative changes in your house and backyard and providing a place for your family to make memories for years to come. Without the obstacle of saving up for a down payment, start your journey to homeownership now. We’re here to help you make the right decision on a loan that fits your life. Let’s talk!
*Income limits apply. No minimum contribution required from the borrower when DPA second mortgage is combined with FHA first mortgage. Our Zero Down program is not affiliated with HUD. The program pairs a second mortgage for the down payment and/or closing costs with a standard FHA insured first mortgage.
Zero Down Payment
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