Zero Down Loans – 100% Financing – No Money Down

No Money Down Home Loans

The following programs are used in nearly all the zero down financing in New Hampshire.

The first is the Zero Down VA Loan Program. This 100% financing program is good for home buyers who have served in the Armed Services and are eligible for a VA loan. Its primary benefits include the following:

• Blemished credit is often workable.
• No PMI (private mortgage insurance) or MIP (mortgage insurance premium).
• VA funding Fee is financeable (veterans with a 10% or greater disability are exempt from this fee).
• $0 down payment.
• Seller can pay all closing costs and prepaid expenses.
• One- to four-unit properties are eligible.

The second-most widely used no-money-down program is the USDA Rural Development Guaranteed Housing Loan Program. This program works best for borrowers who are purchasing in a rural area. Its primary benefits include the following:

• $0 down payment.
• 30-year fixed rate.
• Minimal monthly PMI (private mortgage insurance).
• Unrestricted gifts.
• No reserves required.

Requirements for an RD loan:

• Home must be in USDA-eligible area.
• Total household income must be below income limits set for the area where the home is being purchased, which in many parts of New Hampshire is over $100,000.

If you don’t meet the criteria for VA or RD financing, consider a third option: a New Hampshire Housing Finance Authority (NHHFA) down payment assistance grant.

To get started on Zero-Down Loans contact Charley at (603) 471-9300 or send an email below to ask a question, or if you're ready to proceed click on either of the links below to get started. Your information will be kept completely private.

• Get pre-approved.
• Apply now with a property address.

NOTE: Be sure to have a PDF or picture of the following items in hand to upload as you fill out the application:

• Your two most recent tax returns (1040s, schedules, and W-2s)
• Your two most recent pay stubs (if you receive them)