First Time Home Buyers


Zero Down Home Loans

It's Still Possible To Get Zero Down Home Loans.

There are two primary methods to get a zero down home loan. One method is to borrow the down payment, and the other method is to have the seller provide the down payment as a gift to you.  First time home buyers can get down payment assistance in the form of outright grants as well as low interest loans. First time buyers should also visit first time home buyer grants.


All others seeking a zero down home loan can also use one of the two methods described above. The process is relatively simple. Say you want to buy a house, but you don't have the money for a down payment. There are two methods available to you.

First, you could simply ask the seller to hold a second mortgage of 20% of the purchase price. In this market, finding sellers willing to finance the down payment in the form of a second mortgage is quite easy.

Second, if you really want a specific house and the seller is unwilling to finance the down payment for you, you could sign up with a third-party intermediary, typically a tax-exempt charitable organization that advertises its specialty. The seller of the house sends a contribution to the organization roughly equal to the money you need. The intermediary pockets a fee of $400 to $600 and passes along the balance for the down payment. Either of these options will let you buy a house with zero down.

Best Lender For Zero Down Home Loans

Unfortunately, some lenders do not like to work with buyers who use creative methods to achieve a zero down home loan, and prefer instead to only provide mortgages to people who are putting down the traditional down payment of 20%.


First Time Home Buyer Grants in Every State

Up To $10,000 Down Payment Assistance


Housing Not Yet At Bottom
 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for an Economic Depression in 2013. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>

Learn to buy real estate for pennies on the dollar in today's depressed market. Click here to watch a 5 minute video for more information.

Good Credit is More Important Than Ever. Start your 30-day Free Credit Score trial to improve your FICO credit score. No Cost, No Obligation. Click here for details.

Contact Us | Privacy Policy | Terms of Use | Mortgage Terms Glossary | First Time Home Buyers Loan | First Time Home Buyer Blog | Site Map
Copyright 2002 - 2006  All Rights Reserved.