Mortgage Library

Down Payment Articles

Low Down Payments
Simply put, mortgage insurance protects the mortgage company against financial loss if a homeowner stops making mortgage payments.

Down Payment Loans and Gifts
Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA.

Down Payment - Grant That Is Never Repaid By The Homebuyer!
There are national non-profit organizations dedicated to assisting homebuyers with their down payment and closing costs.

Qualifying for a Low Down Payment
To be considered for a low down payment loan, you generally need to have:

Down Payment Assistance
Many local and state agencies run bond programs to generate funds to help individuals and families with a down payment.

State Housing and Finance Authorities