Zero Down Loans

How can we help you?

The traditional 80/20 type loans have been suspended temporarily due to our economy. (this is an 80% first mortgage followed by a 20% second mortgage)

There are other programs like the FHA CalHFA loan or other FHA loans that offer DPA (down payment assistance).

Zero down payment loans are designed to offer home ownership opportunities to borrowers with good credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their home.

This type of financing is popular among both first time home buyers and experienced home buyers and you can use zero down payment loans for a purchase or a refinance. The fixed rate loan is also available for construction and home improvement of an owner occupied primary residence.

While you are not required to make a down payment, you must have 3% in the transaction (in some of these scenarios). These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own.

Please call us at 661-964-2600 to get more detailed information to see if these types of loans are best for your situation.