No Money Down

We offer two options for homebuyers with good credit, but minimal funds for the down payment. These programs are ideal for first time homebuyers!

3% down

This program allows a lesser down payment for customers interested in buying a home, but do not have the standard 5% downpayment. Homebuyers may use their own savings, a gift from a relative, a loan or a grant for their downpayment contribution.

You should consider the 3% down option if:

  • You have good credit, but only minimal funds for the downpayment.
  • You have 3 , 10% to put down, but it is a gift from a relative, a loan or some other alternative source not usually allowed for the downpayment.

No Down Payment Required

This program does not require you to put any downpayment. However, you are required to contribute 3% of your funds towards the transactions, i.e. closing costs, prepaid interest or a small down payment.

You should consider this program if:

  • You have good credit, but no funds for the downpayment.
  • You would like to use a gift from a relative, a secured loan, an unsecured loan or a grant for the closing costs and prepaid items.
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