No Down Payment Options

Down Payment

Looking for options with no down payment.

There are options for 100% financing, meaning the entire purchase price of the home is included in the mortgage and there is no down payment requirement. There are also qualifications that must be met to qualify for these types of loans, see below for those loan programs without a down payment requirement

US Department of Agriculture/ Rural Housing Services Loan

  • The home must be located in a designated rural area.
  • There are income restrictions; meaning, a borrower could have too high of an income to qualify.
  • There is not a maximum home purchase price limit.
  • The credit guidelines are flexible.
  • Not restricted to first time home buyers.

Find out if you qualify for the USDA/RHS Loan.*

Veterans Association Loan

  • All honorably discharged veteran, those currently serving on active duty or who have completed a total of six years of service in the National Guard or selected reserves.
  • Certain surviving spouses of veterans are also eligible.
  • The credit guidelines are flexible.
  • Not restricted to first time home buyers.

Find out if you qualify for the VA Loan.*

Doctor Loan

  • 100% financing or no down payment is available.
  • Must have a minimum certification of M.D., D.O., D.D.S., or D.M.D. . Medical doctors include Podiatrists, Ophthalmologists, and Veterinarians.
  • An employment contract or verification of terms of employment must be provided.
  • For a primary residence only.

Find out if you qualify for the Doctor Loan.*

If you don’t qualify for these loan programs, don’t fret– Down Payment Assistance Programs may be available to you. Learn about Down Payment Assistance here.

*Other qualifications may apply.