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Low Down Payment Mortgages At The State Level; Including 30 State...

Min credit score: 640 No PMI As low as zero down No minimum borrower contribution Income and location based Fixed interest Non-traditional credit history accepted Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items No minimum loan amount Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments A HUD-approved homebuyer education workshop may be required Key Bank also has a Medical Professional Loan for physicians, dentists, or veterinarians that does not require PMI and will loan up to $1.5million at either a fixed or variable interest rate. Min credit score: 640 No PMI As low as zero down No minimum borrower contribution Income and location based Fixed interest Non-traditional credit history accepted Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items No minimum loan amount Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments A HUD-approved homebuyer education workshop may be required Key Bank also has a Medical Professional Loan for physicians, dentists, or veterinarians that does not require PMI and will loan up to $1.5million at either a fixed or variable interest rate. Min credit score: 640 No PMI As low as zero down No minimum borrower contribution Income and location based Fixed interest Non-traditional credit history accepted Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items No minimum loan amount Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments A HUD-approved homebuyer education workshop may be required Key Bank also has a Medical Professional Loan for physicians, dentists, or veterinarians that does not require PMI and will loan up to $1.5million at either a fixed or variable interest rate. Min credit score: 600 Grant of 3% of the home’s purchase price (up to $3,600) No payback required May be combined with other down payment programs Hawaii The Native American Homeownership Initiative has a fund to provide applicants with up to $10,000 in assistance. Min credit score: 640 No PMI As low as zero down No minimum borrower contribution Income and location based Fixed interest Non-traditional credit history accepted Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items No minimum loan amount Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments A HUD-approved homebuyer education workshop may be required Key Bank also has a Medical Professional Loan for physicians, dentists, or veterinarians that does not require PMI and will loan up to $1.5million at either a fixed or variable interest rate. Min credit score: 640 No PMI As low as zero down No minimum borrower contribution Income and location based Fixed interest Non-traditional credit history accepted Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items No minimum loan amount Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments A HUD-approved homebuyer education workshop may be required Key Bank also has a Medical Professional Loan for physicians, dentists, or veterinarians that does not require PMI and will loan up to $1.5million at either a fixed or variable interest rate. The program is also available in Florida, Georgia, Mississippi, South Carolina, Tennessee, Texas and Virginia Min credit score: 620 for primary wage earner No PMI As low as zero down Minimum $500 contribution to transaction costs from buyer 30 year fixed rate mortgage Max loan amount $250,000 Owner-occupied residences only Fifth Third Bank has Down Payment Assistance program that provides a grant toward down payment or closing costs without the requirement to pay it back. The program is also available in Florida, Georgia, Mississippi, North Carolina, Tennessee, Texas and Virginia Min credit score: 620 for primary wage earner No PMI As low as zero down Minimum $500 contribution to transaction costs from buyer 30 year fixed rate mortgage Max loan amount $250,000 Owner-occupied residences only South Dakota The HomeStart down payment assistance fundby the Federal Home Loan Bank System provides up to $5,000 for down payment and closing cost assistance. The program is also available in Florida, Georgia, Mississippi, North Carolina, South Carolina, Texas and Virginia Min credit score: 620 for primary wage earner No PMI As low as zero down Minimum $500 contribution to transaction costs from buyer 30 year fixed rate mortgage Max loan amount $250,000 Owner-occupied residences only BancorpSouth has a low down payment program called the Right@Home mortgage program that is designed for people with income at or below 80% of the area median income or those who are purchasing a home in a low to moderate income census tract. The program is also available in Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee and Virginia Min credit score: 620 for primary wage earner No PMI As low as zero down Minimum $500 contribution to transaction costs from buyer 30 year fixed rate mortgage Max loan amount $250,000 Owner-occupied residences only BancorpSouth has a low down payment program called the Right@Home mortgage program that is designed for people with income at or below 80% of the area median income or those who are purchasing a home in a low to moderate income census tract.