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Zero down payment mortgages are popular when there is a radical change in the home prices and the values are rising. Today a traditional mortgage requires at least a minimum down payment of 3-5% of the total price.

However there are still special programs that offer no down payment home loans to certain categories of citizens. The requirements are quite strict:

  • You need to prove your solvency for the whole repayment period.
  • Your credit score should be no less than 620.

Some programs even demand that you have a higher credit rating.

You can get a minimum down payment, if you get a loan from FHA (the Federal Housing Administration) or from private mortgage lenders. Mortgages with zero down payment are also provided by VA – the Department of Veterans Affairs, and USDA – the Department of Agriculture.

You can also look for the best available options on our website.