Zero down payment loans are designed to offer home ownership opportunities to borrowers with good credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their home.

This type of financing is popular among both first time home buyers and experienced home buyers and you can use zero down payment loans for a purchase or a refinance. The fixed rate loan is also available for construction and home improvement of an owner occupied primary residence.

Seller concessions are also allowed to cover all closing costs and pre-paid items up to 6% of the purchase price. Only enough to cover these items is allowed (no cash to borrower) so make sure to adjust the sales price as necessary so that the seller does not benefit from any overage..