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 Dana Briganti on Dec-05-2024
“I had the best problem-solver! Dana took the time to find the right loan and help me understand the process.”

Darcy

Reviewed for Natalie Reimer on Dec-04-2024
“Natalie is easy and pleasant to work with, she moves things along quickly!”

Colleen

Reviewed for Paul Bierly on Dec-04-2024
“Everything was a easy process I had a good time working with Paul him and the agent made me feel good and appreciated throughout the whole thing would definitely recommend them to someone looking”

Christopher C

Reviewed for Donald Holmes on Dec-04-2024
“really worked great to get me in the place that I need to be and I really appreciate all the help. I'm definitely looking to do a lot more business in the near future with this company.”

Shumpert

Reviewed for Shawn Martin on Dec-03-2024
“Shawn is great to work with. It is apparent that he truly cares and is looking out for the individuals he does business with. It is also obvious that Shawn is extremely knowledgeable and is always available to answer questions and/or assist in any way possible .”

Ethan

Reviewed for Maribel Aparicio on Dec-03-2024
“I’ve known Maribel for many years & recently had the opportunity to work with her to purchase my first-dream home. Maribel’s knowledge and expertise made my home buying process less daunting, she went above and beyond. She is thorough and committed to excellence. She explained everything in great detail from start to finish, always professional, available, and friendly. She was very patient with my numerous questions & quick to respond to put my concerns at ease. Maribel exceeded my expectations. I am so glad I chose her and her team. I would recommend her to all my friends and family. Thank you. ”

Ruth

Reviewed for Paul Bierly on Dec-03-2024
“Paul is knowledgeable, responsive, upbeat, caring and thoroughly professional. We knew we were in good hands at every step of the process. Thank you, Paul”

Joan E

Reviewed for Brandon Rizk on Dec-02-2024
“Easy to communicate with both brothers and they both help me to get the loan by excellent ideas .”

Abdelilah

Reviewed for Marybeth Heckler on Dec-02-2024
“You are the best in everything, thank you very much for your help and support!”

Anatolii

Reviewed for Frederick Boadu on Dec-02-2024
“Everything”

Perry