Did you know it’s possible to buy a home without making a down payment? For many homebuyers, saving for a down payment is one of the first steps of the homebuying process and can take years. With our Zero Down mortgage program, you may be able to buy sooner without waiting to save.
What is a no down payment mortgage?
The Zero Down mortgage program gives you the option to buy without a down payment. With flexible credit and income requirements, this program makes homeownership more accessible for first-time and repeat homebuyers.
Explore your zero down options
Arrive Home™
Arrive Home™ program requirements
Primary purchase transactions only
96.5% FHA first mortgage paired with a 3.5% or 5% down payment assistance (DPA) repayable second mortgage
Fixed-rate loan with temporary buydown options available**
Up to 160% area median income (AMI)
Credit scores as low as 620
First-time and repeat homeowners eligible
No minimum borrower contribution required
How it works
Arrive HomeTM offers 3.5 or 5 percent assistance through a repayable second mortgage, which can be used for down payment and/or closing costs. Whether you’re a first-time homebuyer or looking to upgrade, Arrive HomeTM supports primary purchase transactions from coast to coast* (excluding New York).
Zero Down
Zero Down mortgage program requirements:
Primary purchase transactions only
96.5% FHA first mortgage paired with a 3.5% or 5% down payment assistance (DPA) repayable second mortgage or 3.5% down payment assistance (DPA) forgivable second mortgage
Fixed-rate loan with temporary buydown options available**
Credit scores as low as 600
First-time and repeat homeowners eligible
No minimum borrower contribution required
How it works
Our Zero Down mortgage program pairs a standard FHA first mortgage for up to 96.5 percent of the total purchase price plus second mortgage options to go toward down payment and/or closing costs. The second mortgage provides down payment assistance of 3.5 or 5 percent of the purchase price as a repayable lien or 3.5 percent of the purchase price as a forgivable lien.
Your loan officer can provide guidance on the best option for your situation. If you’re interested in starting the homebuying process with no money down, connect with one of our loan officers today. Let’s talk!
The Arrive HomeTM and Zero Down programs are not affiliated with HUD. These programs pair a second mortgage for the down payment and/or closing cost with a standard FHA-insured first mortgage. Second lien can be 3.5% or 5% of the purchase price. FHA standard loan limits apply
*Guild Mortgage is not licensed in the state of New York.
**Borrower must meet program eligibility and qualify based on the note rate of the program. Seller participation may be required to pay for the buydown costs. Temporary buydown is applied to the first lien only.
All loans are subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions.
