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No Money Down

You can buy a lovely home, in a great neighborhood, for zero or very low down payment, no matter what your income level or credit situation. Do not let the lack of down payment keep you from buying a home. We also have programs that will help if you need closing cost assistance.

Years ago, when a borrower wanted to buy a home, a down payment of 10 or 20% was often required. Now, lenders are willing to lend up to 100% (and with excellent credit, 103% and even 107%) of the sales price. We specialize in zero down programs, and can help borrowers with other special financing needs. We take time to explain the process with you, analyze your individual situation, and make recommendations based on your goals. Exemplary customer service is our main focus.

Typically, with a no money down purchase, we will split the sales price into an 80% first mortgage and a 20% second mortgage. By doing this, you will avoid paying PMI. PMI (or MI) is Private Mortgage Insurance. PMI does not go towards paying off your loan, it is just a "penalty" other lenders will charge you for not putting a hefty down payment on your new mortgage. Sometimes the 80% first and 20% second will be with the same lender, other times there will be two separate lenders, and you'll have two separate loan payments.
Your interest rates are credit score dependant; the higher your credit scores, the lower your rate will be. Please do not be discouraged if you have been told by another lender that you do not qualify for a zero down program. We have many different nationwide lenders in our network with different features, and can find a solution for just about anyone credit score above 580.

We have zero down programs with 30 year fixed rates, as well as Adjustable Rate Mortgages (ARMs). ARMs have lower interest rates and will lower your monthly payments. Most of our lenders also have interest only options, which will also lower your payments, while still maximizing your tax benefit of owning a home.
Additionally, we have no money down programs for investment properties, as well as no money down programs for self-employed workers. Please call us at 301-603-9600 to ask more about our zero down programs.

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