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ZERO Down

“Now you can realize the dream of owning your own home with zero down payment.”

The Zero Cash Down Payment Program offers you a way to buy a home with no down payment. That’s right zero down payment. You may have owned a home before and are presently renting, or are a first-time homebuyer and need a way to break into the housing market but held back because you thought you required a substantial down payment. Or you may be in a position where you do not want to liquidate your financial assets to use as a down payment on a home. Regardless of your present situation, you want a way to get into or to reenter the housing market without having to make a cash down payment. The Zero Cash Down Payment Program may be just the answer you need. Here’s what is required to qualify for the Zero Cash Down Payment Program. 

Program Qualifications

1. An excellent credit history 

  • no recent history of bad debts 
  • consistent and timely payment of current liabilities

2. Limited liabilities

You will be required to disclose all current liabilities you have in order to determine how much more debt you can carry. (ie. present car loan, credit cards, etc.) 

3. At least 3 years of employment stability

You will be required to show proof of employment for the past 3 years, ie. a letter of employment from your employer or financial statements for the past 3 years if self-employed. 

4. The financial ability to carry larger monthly payments 

Without a down payment, you will be required to meet the obligation of larger mortgage payments. Your monthly payments could vary from a few to several hundred dollars more per month. 

Under the Terms of the Program You Can Purchase Many Types of Properties

They include: 

  • detached or semi-detached homes 
  • free-hold town homes 
  • condominium town homes

It is important to note that not all properties qualify for the Zero Cash Down Payment Program. To ensure that you get an accurate picture of what properties may or may not be included in this program in your particular area, it is advisable to review the terms of the program with your Realtor®.