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NOVA Low and No Down Payment Home Loans

The down payment should not be an obstacle to buying your home.

  • FHA Low Down Payment Loan
    FHA Loans feature a down payment as little as 3.5%, low interest rates, easy credit qualifications, and a higher debt-to-income ratio for the borrower. Gift funds are also allowed for the down payment and/or closing costs.
  • Conventional Low Down Payment Loan
    Conventional loans can offer down payments as low as 3% for low-income families. Gift funds are allowed for down payment, closing costs, and interest rates are often very competitive.
  • Down Payment Assistance (DPA) Programs
    Depending on where you’ll be purchasing your property, we can offer you additional state-specific grant programs that can often be used together with FHA, VA, USDA, or Conventional loans to help cover down payments and/or closing costs. Each program has different qualifications and restrictions.
  • VA No Down Payment Loan
    VA Loans feature 100% financing, no private mortgage insurance requirement, low interest rates, and easier qualifying guidelines. VA Home Loans are only available for veterans, active-duty personnel, reservists and national guard members.
  • Rural USDA No Money Down Loan
    The USDA Loan offers outstanding benefits for borrowers who would like to purchase a home in eligible rural areas defined by the United States Department of Agriculture. Offering 100% financing, it’s great for first-time homebuyers, and low-to-moderate income households.

Ready to start your path to homeownership with little or no down payment? Contact a NOVA Loan Officer to get started today.

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The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.