One common misconception about buying a home is that you need a 20% down payment. While there are some benefits to putting more money down, it may be possible to get a zero-down home loan.* This could help you purchase a home if you have a steady income but have not been able to save enough for a large down payment. Understanding what zero and low-down payment options are available is the first step in figuring out what program best suites your needs. Whether you are a first-time home buyer or a repeat buyer, at Homestead we have many options to suit all borrowers. With every option there are qualification requirements, so it is best to ask your Loan Originator for more details about these programs. The chart below reviews few of our best flexible options.
*Down Payment will be based on program type. Each program has certain qualification restrictions. Contact you Loan Originator for program qualifications.