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 Wendy Monaco on Apr-16-2026
“Timely communication & information”

Jennifer K

Reviewed for Sumit Rajpal on Apr-16-2026
“It was pleasure working with Sumit and his entire team”

Naresh

Reviewed for Patrick Nitsche on Apr-15-2026
“I've worked with Patrick before and he will always be my go to for mortgage advice. He is knowledgeable and honest and makes the whole process simple.”

Michael

Reviewed for Paul Terruso on Apr-14-2026
“Most definitely Paul Terruso's consistently positive, forward thinking enthusiasm towards this entire exhausting, cumbersome process. I was ready to "throw in the towel" at one point, however, he effectively communicated and most importantly made me realize why the refinancing of my outstanding debt made more mathematical logical sense versus liquidating existing assets, which are yielding positive returns. I am very happy that I took his advise. Paul is now in my "best friend" circle!”

Victor A

Reviewed for Sumit Rajpal on Apr-14-2026
“I would like to share my feedback regarding the recent bank loan approval process. Overall, the experience was satisfactory, and I appreciate the efforts made by the bank staff to guide me through the procedure. The application process was straightforward, with clear instructions provided at each stage. The documentation requirements were well-communicated, which helped in avoiding delays. I also found the customer service team to be responsive and supportive, promptly addressing my queries and concerns. However, there are a few areas where improvements could be made. The processing time was slightly longer than expected, and more frequent updates on the application status would have been helpful. Additionally, simplifying some of the formalities or offering a more digital-friendly approach could enhance the overall customer experience. In conclusion, while the loan approval process was generally smooth and professional, making it faster and more transparent would further improve customer satisfaction. Thank you for the opportunity”

Amrik

Reviewed for Jason Horten on Apr-14-2026
“Jason kept me abreat of any issues throughout the entire process. He explained what was needed and acted as an important liaison with the underwriters. This was very helpful and appreciated.”

Ronald W

Reviewed for Steve Lewis on Apr-12-2026
“We came to a Business Understanding that Worked.”

Orlando

Reviewed for Lynn Owenby on Apr-11-2026
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J Ralph Leonard

Reviewed for Lynn Owenby on Apr-11-2026
“Lynn did a great job navigating the many steps involved in underwriting and approval. He was in contact with all the parties and the closing attorney to get our loan accomplished.”

John Ralph

Reviewed for Eduardo Buller on Apr-11-2026
“Eduardo was extremely communicative, friendly, knowledgeable and reliable!”

Leslie