Low Down Payment Loans

You May Qualify for a Low or No Down Payment Loan

Allied offers low to no down payment options for qualified borrowers. From FHA and USDA to Conventional loans such as HomeReady® from Fannie Mae and Home Possible® from Freddie Mac, to options for Veterans, many borrowers can benefit from Allied flexible loan options.

Criteria for Down Payment Assistance

Down Payment Assistance programs consider several things to determine if you qualify. The criteria vary depending on the state or municipality, but they review income, credit, household size, reserves, and whether you are a first time or experienced homeowner.

Most assistance programs, especially for first-time buyers, require the completion of homebuyer education programs.

Some programs are designed for individuals who provide necessary services to the community. They include teachers, firefighters, law enforcement personnel, health care workers, and veterans.

To qualify for down payment assistance, the home must be occupied as the primary residence. Single-family homes, townhomes, condos, and even some multifamily properties are allowed if the buyer is also an owner-occupant.

Find out what programs you may qualify for using our free, easy-to-use search tool.

Benefits

Low to No Down Payment for certain loans and qualified borrowers
Talk to us about state and local downpayment grants that may be available.
Down Payment gifts from family may be allowed
Great for first-time homebuyers

Contact Allied today and learn about these benefits and get answers to all your mortgage questions by speaking with an Allied loan officer.

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Our Happy Customers

Reviewed for Yazmin Llamas on Nov-20-2024
“Yazmin was wonderful to work with – she was especially great at easy and quick communication, which is essential when purchasing a home! I will reccomend her to other first time home buyers!!”

Erin Marie

Reviewed for Donald Holmes on Nov-19-2024
“Mr. Holmes always takes the time to explain things to me in a way in which I can understand and is real in his conversation.His demeanor is always pleasant and sincere and doesn't fast talk which is greafly appreciated. Thank you”

Santina

Reviewed for Tom Kemble on Nov-19-2024
“Great working with Tom. Very personable, thorough & readily available when needed. He made this whole homebuying process, stress free. Thanks a ton.”

Jason T

Reviewed for Bianca Alvarez on Nov-19-2024
“Bianca and the team were responsive. They were able to get my loan approved and closed in a relatively short time. They were clear in what documents were needed get the application processed.”

Raymond William

Reviewed for Brian Weinberg on Nov-18-2024
“Thanks for everything Brian and team – very smooth to close and great communication with us!”

Jonathan D.

Reviewed for John Hagler on Nov-17-2024
“John was very responsive and offered a great value”

Thomas L

Reviewed for Eduardo Buller on Nov-16-2024
“The help that they provide”

Yoennys

Reviewed for John Hagler on Nov-15-2024
“John did am excellent job with communication. He was professional and helpful.”

Erin

Reviewed for Eduardo Buller on Nov-15-2024
“Eduardo and Susana were great! They were always available for all questions we had, and kept us updated all the way through. Our experience was very smooth thanks to them. We'll definitely choose them again when the time comes. ”

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Reviewed for Jessie Thompson on Nov-14-2024
“She responded very quickly whenever I reached out”

Kimberle Dawn