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 Sep-18-2024
“Yazmin was always available and flexible when it came to scheduling calls necessary in aligning throughout the loan approval process. As a first time home buyer, she made it very easy for me to understand and navigate through the many documents that required my attention. I recommend Yazmin to anyone seeking loan approval and opportunities to secure their new/next home. Amazing customer service – I'll be sure to come back to Yazmin for my next future investment!”

Christopher Cruz

Reviewed for Scott Brooks on Sep-18-2024
“Professional & Seamless!”

Abdul

Reviewed for Eduardo Buller on Sep-17-2024
“Ed & Susana were very responsive in handling our closing and made everything very easy for us to complete”

Bryan Ty

Reviewed for Rosemarie Gadsby-Devlin on Sep-16-2024
“She was attentive, a problem solved, always available when I was confused about certain things. And she explained things in a way I could understand. She is an awesome person to work with! Thankful for the experience she brought to the table. I will forever appreciate her!”

Shantae

Reviewed for Kailyn McClain on Sep-16-2024
“Kailyn was very prompt and informative in this whole process and made refinancing very easy.”

Casey L

Reviewed for Nancy Garcia on Sep-16-2024
“My experience working with Nancy was great! From the first day I met her she was a wealth of knowledge with guiding my fiance and I in the right direction and throughout the entire process. Was always a call or text away for any questions or concerns we had. She always made it very easy to talk to and always made us feel like no question we had was a dumb one. She always made communication very easy and it was always like talking friend. I would highly reccomend Nancy to anyone in the future and if i ever need more loan services, she will be who I will call. I appreciate everything she did for us.”

Teresa

Reviewed for Sharyn DiCarlo on Sep-15-2024
“Sharyn communicated well throughout the entire process and kept me aware of everything pertaining to the mortgage. Tony and her made the process go very smooth.”

John James

Reviewed for Megan Carr on Sep-15-2024
“Knowledge and experience! Thank you Megan!”

Karen Ann

Reviewed for Andrew Sachs on Sep-14-2024
“Very knowledgeable & accommodating. Very well experience and know the system well. Done a great job in supporting our requirements, highly recommended. Neena and Andrew Sachs deserves the credit for guiding us in the mortgage application process, very professional and qualified individual. We thank them for the help and support. (5 star)”

Leandro G.

Reviewed for Kevin Zenstein on Sep-14-2024
“Kevin is exceptional at his job and the best at mortgages. I trust him with all my transactions a realtor and buyer. Kevin closes deals! If you want a seamless transaction Kevin is your guy.”

Natalie