Saving for a traditional 20% down payment can seem like mission impossible, especially if you’re trying to snatch low interest rates or watching homes fly off the market. But a 20% down payment isn’t the only way to get a mortgage.
No-down-payment home loans can open doors to homeownership for buyers with limited savings and free up cash for expenses such as closing costs or home repairs. Here’s what you can expect when you’re buying a home with no money down.
What you’ll learn here:
- Can you get a house loan with no money down?
- What are your no-down-payment mortgage options?
- How can you get down payment help?
- When is a zero-down-payment mortgage a good idea?