Zero Down

A zero down loan is good when you don't have enough cash to pay your closing costs and make a down payment on the purchase of your home.

Zero down programs allow you to buy your home now, instead of waiting to save enough for a down payment.

There are options available for buying a home with zero down.  Two of the options available allow 100 percent loan to value (LTV) and require a form of insurance called a funding fee.  The two options are:

1. The Veterans Administration loan program.  This loan is only allowed for certain eligible veterans.
2. The Rural Development loan program.  This loan is only allowed for certain single family home purchases in rural locations and has an income restriction.

Some zero down programs allow you to finance a portion of your closing costs. Talk to your loan officer to see if you qualify for any of these programs.

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Office Phone: (518) 828-3737 Fax: (518) 828-6400 Toll Free Phone: (800) 371-3405

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