$0 Down Payment Home LoansRealtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval.
Make Your Dream of Homeownership a Reality
Our 100% financing program lets you purchase a home with $0 down payment requiredRealtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval. —even if you’re not a first-time homebuyer.
$0 Down PaymentRealtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval.
Use your savings for moving costs, upgrades, or future plans instead.
Flexible Options
Choose between fixed-rate stability or adjustable-rate flexibility.
More Buyers Qualify
This program isn't limited to just first-time homebuyers.
Whether you’re upgrading, downsizing, or purchasing your very first home, $0 down payment mortgages make it easier than ever. Our expert local lenders are here to answer your questions, simplify the process, and put the keys to your dream home in your hands.
Homebuyer Benefits
$0 Down Payment Required
Keep your savings intact and buy a home without the upfront cost of a down payment.
Faster Path to Homeownership
Instead of spending years saving up for a down payment, skip straight to moving into your dream home.
Save on Upfront Costs
Use the cash you would have spent on a down payment to cover closing costs, home upgrades, or an emergency fund.
Local Lenders
We’re one of the only lenders in the state to offer $0 down payment for more than first-time homebuyers.
Today's Conventional Loan Rates
What Does $0 Down Payment Look Like?
100% financing means you need less cash on hand to close. See how much a $0 down payment could save you upfront, based on a 30 year term at 6.25% for a $350,000 home price.
| Financing | Down Payment | Closing Cost | Total Funds to Close | Monthly Payment |
|---|---|---|---|---|
| 100% | $0 | $7,640 | $7,640 | $2,155 |
| 97% | $10,500 | $7,535 | $18,035 | $2,090 |
| 95% | $17,500 | $7,465 | $24,965 | $2,047 |
| 80% | $70,000 | $6,940 | $76,940 | $1,724 |
Frequently Asked Questions
How does a $0 down payment mortgage work?
A $0 down payment mortgage works like a traditional mortgage, just without the down payment. For example, with a traditional mortgage on a home that costs $350,000, a down payment would be between 3% and 20%, or $10,500 to $70,000. With a 100% financing mortgage, you would not make a down payment and instead pay back the full $350,000 over time with interest.
What kinds of mortgages qualify for $0 down payment?
The most common types of $0 down payment mortgages are government-backed loans, like USDA loans or VA loans. But with Arkansas Federal, $0 down payment is available on conventional loans and other types of loans not backed by the government. Even if you’re not a first-time homebuyer, you might be able to buy your dream home with $0 down payment!
Why should I choose $0 down payment?
If you’re ready to buy a home but don’t have the cash in hand to make a down payment, $0 down payment could help you get into your dream home without the financial strain. You could also use the money you would spend on a down payment to cover things like closing costs.
Do I still have to pay closing costs with a $0 down payment mortgage?
Yes, you will still need to cover closing costs. But the good news? With $0 down payment, you won’t need to pay a down payment, so you’ll have more cash in hand for those expenses.
Who qualifies for a $0 down payment mortgage?
That depends on the type of $0 down payment mortgage you’re applying for. Arkansas Federal offers $0 down payment on conventional loans, which require a credit score of 700 to qualify. It’s best to talk to a lending expert to find out what you qualify for.