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Get a Mortgage for No Money Down

Go through the home buying process without making a down payment! Our Zero Down Payment Loan gives you the ability to buy your new home without putting any money down. When you’re ready to close, your friends and family can help you pay your closing costs, making your new home more affordable.

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Apply for a Zero Down Payment Loan today!

Getting started is easy! Our online application streamlines the process from start to finish. Submit documents and get updates on the status of your loan, all without leaving the comfort of your own home. Prefer to apply over the phone? Give us a call at 800-353-4449.

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How Much Do I Need to Save for a Down Payment on a Home?

When you purchase a home, the first payment you make is your down payment — a percentage of the total amount you owe, which is due at closing. For example, if you purchase a $250,000 home and make a 20% down payment, you would bring $50,000 to your closing.

Mortgage lenders require a down payment to protect themselves if you default on your loan. Many lenders prefer borrowers who can make a 20% down payment, so saving as close to 20% of the home's purchase price is ideal.

 

How Can You Buy a House With No Money Down?

Down payments can be a major hurdle for homebuyers, as it may take years to save up such a large amount of cash. However, it's possible to purchase a home without a down payment by taking a Zero Down Loan.

A Zero Down Payment Loan is a mortgage loan you can get without making a down payment. 

 

Benefits of a Zero Down Payment Loan

A Zero Down Payment Loan is a great option for homebuyers who lack the savings to make a down payment. It allows borrowers to purchase a home without waiting to build up enough savings to put 20% down.

Making a 20% down payment may not be the best decision if it empties your savings. Instead, you can preserve the money you've saved up by opting for a zero-down payment loan. You'll have more money in the bank to put toward your other needs and expenses, such as building your emergency fund or making home repairs.

 

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FHA

Great for first-time homebuyers who need a low down payment or those with less than perfect credit.

HomeReady®

A flexible loan option that offers you a low down payment and free online homeownership education to make sure you feel confident after you buy.

PMI Saver

Buy the house you want and avoid the extra cost of mortgage insurance.

Right Choice Home Loan

Offers you flexible credit options and a low down payment.