Down payments: how much do you really need to buy your dream home?

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Let us show you low – and no-down-payment options today.

Down Payments as low as 3.5%

Federal Housing Agency (FHA) Loans have the benefit of a low down payment but there are other loan products with the same option. Be certain to compare the overall costs of all products, including the monthly and long-term costs and conditions of the required mortgage insurance.  In many instances, you may find FHA to be a more expensive financing option.  For details, visit

0% down payment

Veterans, active-duty service personnel, and reservists deserve to live the American Dream they help protect.

  • Up to 100% financing for qualified borrowers
  • Choice of fixed-rate or adjustable-rate products
  • Funds for down payment plus all closing costs can come entirely from gifts and grants and waivers

“97% LTV” – the 3% down payment1

  • For 1-unit principal residents only, including condos!2
  • Fixed-rate mortgage with maximum 30-year term
  • Loan limits: $417,000 in most counties and up to $615,250 in high-cost markets
  • Down payment and reserves may come as a gift from an eligible donor3
  • Reduced rates on private mortgage insurance for qualified low-to-moderate-income borrowers

Down payments as low as 5% PLUS Gift Funds allowed

Qualified first-time and move-up borrowers may be able to get a conventional loan for as little as a 5 percent down.  In addition, the funds needed to complete transaction may come from a personal gift from an acceptable donor.  This may include funds for all or part of the down payment, closing costs, or financial reserves.4

O% down payment

If you’ve been house hunting in an outlying area, a “Rural Housing” loan is designed to create opportunities for those with limited savings or modest incomes.5   There are no minimum down payment down payment or cash reserve requirements, and closing costs may be financed as part of the loan amount.

Talk with a mortgage loan officer for additional details.

There are a variety of down-payment options available.  It’s important to note that loans with low down-payment features may require monthly mortgage insurance which could increase the overall cost of the loan.



For more information contact:

Mark Shooner

Local Market Manager | NMLS 577408,  OMBA LO.001679.001
6192 Muhlhauser Rd | West Chester  OH 45069

1Availalbe for qualified first-time buyers and cash-out refinance only.
2Manufactured housing is not eligible.
3 Acceptable Gift Donors: A relative of the borrower (borrower’s spouse, child, or other dependent, or one related by blood, marriage, adoption, or legal guardianship, a fiancé, or finacée, or domestic partner.
4Subject to certain minimum borrower contribution requirements.  Certain affiliation and relationship restrictions may apply.  See your mortgage loan officer for specific details.
5Credit is subject to approval.  Property location and income restrictions may apply and homebuyer education may be required.

HomeServices Lending, LLC does not offer loans in all states.
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Regulated by the Colorado Division of Real Estate. Licensed by the Delaware State Bank Commissioner to engage in business in Delaware, License # 5837, Expiration 12/31/17. Illinois Residential Mortgage Licensee MB.6761077. Kansas Licensed Mortgage Company, License Number: SL.0026321. Ohio Mortgage Loan Act Certificate of Registration: 490683 SM.501899.000; Ohio Mortgage Broker Act Certificate of Registration: 490683 MB.804161.000. Oregon Mortgage Lending License ML-5251. 2700 Westown Parkway, Suite 345, West Des Moines, IA 50266.
©2017 HomeServices Lending, LLC. All Rights Reserved. NMLS ID# 490683 (



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