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 Justin Wallace on Oct-13-2024
“Always on top of everything I asked. The seller at closing told me it was the smoothest and fastest closing he has ever been part of. Thanks for making it easy”

Maria Guadalupe

Reviewed for Debbie Gaston on Oct-12-2024
“Ella siempre busca solucion 👌”

Henry Isidoro

Reviewed for Rose Dailey on Oct-12-2024
“Great communication, great explanation of everything. She always has time to explain anything no matter what time it was. Thank you, Rose.”

Estefany Maria

Reviewed for Sumit Rajpal on Oct-12-2024
“Timely communication, organization, and strong customer service. I felt informed most of the time and appreciated the level of effort that Sumit and Sakshi put into this loan.”

Navjot

Reviewed for Kailyn McClain on Oct-10-2024
“It was a pleasure working with Kailyn, It was a smooth process from beginning to the end…”

Leonard

Reviewed for Brian Weinberg on Oct-10-2024
“Brian was true to his word from the beginning, made the process very understandable, pleasant and smooth. The information, coaching and clarity he provided have broadened my horizons and I’m forever grateful. I would highly encourage anyone and everyone to do themselves a favor and chat with Brian if they’re in need or have any gaps in understanding the home buying process!”

Brook Rene

Reviewed for David Knaus on Oct-10-2024
“Dave was easy to work with and answered all of our questions in a way we could understand. He was extremely helpful throughout this process and made it very seamless!”

Jamie Elizabeth

Reviewed for Sharyn DiCarlo on Oct-09-2024
“Sharyn was very easy to work with. Always kept me informed of everything happening. She promptly returned any calls I had. I look forward to working with her if the opportunity arises”

Monte W.

Reviewed for Justin Wallace on Oct-09-2024
“Justin did a great job!”

Deborah

Reviewed for Michelle Oteri on Oct-09-2024
“Very easy to talk to. Answered all questions timely.”

Kelley