There are other options for zero-down mortgages. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic ...

Zero-down mortgages are making a comeback. By CNN. May 30, 2024. Share. An aerial view of homes in a housing development in September 2023 in Santa Clarita, California.

A major mortgage lender is offering a new 0% down program, but that doesn't mean the zero-down mortgage is making a comeback, according to one expert.

But seeing as how the median sales price of existing homes was $416,700 in July 2024, coming up with 20% isn’t an easy thing – not when you’re talking about handing over $83,340.

Urban Institute: Zero-down FHA mortgages could expand first-time homeownership. Authors argue that a zero-down loan program would be more cost-effective than the array of DPA options nationwide.

For many hopeful homeowners, zero-down mortgages are an intriguing possibility, but one that might seem too good to be true. They might be, depending on your circumstances.

California Moves Toward Zero-Down-Payment Mortgages for Migrants. Published Aug 23, 2024 at 5:55 AM EDT Updated Aug 27, 2024 at 12:04 PM EDT. By .

The U.S. Department of Agriculture guarantees zero-down mortgages in rural areas. Find out if you qualify and which banks offer them. What Is a USDA Loan and Am I Eligible?

Zero-down mortgages are making a comeback. Matt Egan, CNN. May 30, 2024 at 8:10 AM. Many Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment.

How zero-down mortgages work As the name implies, zero-down mortgages require no down payment at closing, but it still doesn’t mean you’re completely off the hook for it.