Why we love FHA with $0 Down ?
HomeStart DPA
3.5% Down Payment Assistance
This assistance is generally a repayable second mortgage, due if you sell, refinance, or pay off your first mortgage early, helping you get into your home sooner.
Apply
Apply
FHA with $0 Money Down
FHA loans with 3.5% repayable dpa
Minimum credit score of 620+ with DTI evaluated per FHA and AUS guidelines
Flexible Eligibility Options
Available to both first-time and repeat homebuyers
No income limits
Pricing adjustments may apply above 160% of Area Median Income
FHA DPA Guidelines
If your details are close to these guidelines, please apply here. If you don’t qualify we may have other solutions for you.
Credit Score
A minimum credit score of 620 is required with Approve/Eligible AUS findings.
Homebuyer Status
Open to both first-time and repeat homebuyers who meet FHA guidelines.
Debt-to-Income Ratio
DTI limits are determined by FHA requirements and Approve/Eligible AUS findings.
Income Limit
No income limits apply. Pricing adjustments may apply above 160% of Area Median Income (AMI).
Sellers Credit
Allowed up to 6% of the home’s purchase price, since it's an FHA loan
Down Payment
Your down payment can be as low as 0%, or around 1–1.5% depending on how much assistance you use.
Mortgage Insurance
FHA loans include 1.75% UFMIP (financed) and 0.55% annual MIP for high-LTV loans.
Loan Limits
Up to $524,250 in most areas, with higher amounts in high-cost regions.
Closing Cost Options
6% Seller Concessions
You can combine it with up to 6% seller concessions to help cover closing costs, making homeownership even more affordable.
Flexible Credit Requirements
620 Min Credit Score
Qualify for FHA DPA with a minimum 620 FICO score (lowest middle score). Maximum DTI per AUS guidelines. Manual underwriting may be permitted per agency guidelines.
Simple & Predictable
FHA 30yr Fixed Term
With FHA zero down, your first mortgage is a 30-year fixed-rate loan, while the down payment assistance is a separate 10-year repayable loan with its own monthly payment.
How It Works
See Qualifications
With several options to qualify, you'll more than likely fit the criteria if you're looking for down payment assistance
Get Pre-Apaproved
Complete a 7 part credit application and submit documents to verify income, asset, and employment.
Find Your Home
We'll partner with your real-estate agent to ensure a smooth transaction from contract-to-close.
Get Funds at Closing
Funds are provided at closing in the form of a repayable second loan.
Do’s & Don’ts
Do
Check Your Eligibility
Meet credit and occupancy requirements. Homebuyer education may be required based on agency guidelines.
Use Funds Properly
The assistance must be used toward the required down payment and/or eligible closing costs
Live in the Home
The property must be your primary residence—it cannot be used as an investment or rental.
Don't
Don’t Ignore AMI-Based LLPAs
Your loan may be subject to a Loan-Level Price Adjustment if your household income exceeds 160% of the Area Median Income (AMI)
Don’t Use Funds for Other Expenses
Assistance funds must be applied only to eligible down payment and closing costs.
Don’t Refinance Too Soon
Cannot be subordinated within the first 36 months, which may limit refinancing options during that period.
The Competition
Compare FHA with Zero Down with other options to help you choose.
FHA with Zero Down
FHA
ONE+
Down Payment
0%
3.5% Minimum
1% Minimum
Income Limits
160% of Area Median Income (AMI)
No income limit
<80% of AMI
Mortgage Insurance
0.55%
0.55%
0.2% - 1%
Loan Limits
$524,250
$541,287
$350,000
Example Rate Difference*
7.5%
5.75%
6.25%
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Recent Articles
Learn everything you need to know as a first-time homebuyer
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Frequently asked questions
You’ve got questions, we’ve got answers
Depending on your eligibility, you can receive either 2% or 3.5% of the home’s purchase price. This financial assistance can be applied directly to your down payment or closing costs, helping you move into your new home with less financial burden.
No. The assistance is intended to help with homeownership costs and can only be applied toward your down payment or closing costs. It cannot be used for renovations. You may use seller concessions to help cover closing costs and reduce your out-of-pocket expenses.
While the program covers a portion of your down payment, you are require you to pay for your closing costs which can add up to 3-4% of the home purchase price.
Since it is a repayable second mortgage, if you sell or refinance your home before the end of the program term, the outstanding balance may be due. The repayment terms vary based on your loan agreement, so it’s important to review your program documents.
