Zero Down Payment. Zero Stress.Realtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval.
Buy a Home with No Down Payment Required
Ready to buy a home but don’t have a large down payment saved? With our zero-down-payment home loans, you can finance 100% of your home’s purchase price—no down payment required.
$0 Down PaymentRealtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval.
Buy a home with no upfront down payment required.
Flexible Options
Choose between fixed-rate stability or adjustable-rate flexibility.
Move in Sooner
Zero Down Payment means you can buy without the wait.
Whether you're a first-time buyer or a seasoned homeowner, our no-down-payment option makes homeownership more accessible than ever. Our expert local lenders are here to answer your questions, simplify the process, and put the keys to your dream home in your hands.
Homebuyer Benefits
$0 Down Payment RequiredRealtor fees, closing costs and fees may still apply. All loans are subject to credit and property approval.
Keep your savings intact and buy a home with a no-down-payment home loan—no upfront cost for a down payment.
Faster Path to Homeownership
Instead of spending years saving up for a down payment, skip straight to moving into your dream home with a no-down-payment home loan.
Save on Upfront Costs
Use the cash you would have spent on a down payment to cover closing costs, home upgrades, or an emergency fund, all while taking advantage of a no-down-payment loan.
Local Lenders
We’re one of the only lenders in the state to offer no down payment options for more than first-time homebuyers.
Today's Conventional Loan Rates
What Does $0 Down Payment Look Like?
With 100% financing, you’ll need less cash on hand for closing. See how a no-down-payment home loan can reduce your upfront costs based on a 30-year term at 6.25% for a $350,000 home.
| Financing | Down Payment | Closing Cost | Total Funds to Close | Monthly Payment |
|---|---|---|---|---|
| 100% | $0 | $7,640 | $7,640 | $2,155 |
| 97% | $10,500 | $7,535 | $18,035 | $2,090 |
| 95% | $17,500 | $7,465 | $24,965 | $2,047 |
| 80% | $70,000 | $6,940 | $76,940 | $1,724 |
Frequently Asked Questions
How does a $0 down payment mortgage work?
A $0 down payment mortgage works just like a traditional home loan, except there’s no down payment required. For example, on a $350,000 home, a traditional mortgage might require a down payment between 3% and 20%, or $10,500 to $70,000 upfront. With 100% financing, you skip the down payment and repay the full amount over time, with interest.
What kinds of mortgages qualify for $0 down payment?
Government-backed loans like VA and USDA are common no down payment loans, but Arkansas Federal takes it a step further. We offer no-down-payment home loans on conventional loans, too. That means you don’t have to be a first-time buyer or meet special criteria to apply.
Why should I choose $0 down payment?
A $0 down payment home loan can help you buy a home sooner, without the upfront financial strain. Instead of putting cash toward a down payment, you can use it for closing costs, home improvements, or an emergency fund.
Do I still have to pay closing costs with a $0 down payment mortgage?
Yes, closing costs still apply, but with a no-down-payment mortgage, you won’t need to spend thousands upfront on a down payment. That means you'll have more cash available to cover those costs.
Who qualifies for a $0 down payment mortgage?
That depends on the type of $0 down payment mortgage you apply for. At Arkansas Federal, our no-down-payment conventional loans typically require a credit score of 700 or higher. It’s best to talk to a lending expert to find out what you qualify for.