Top 5 Low- and No-Down-Payment Mortgage Lenders for 2025: A Comprehensive Guide from Yahoo Finance
If you're facing challenges in saving for a down payment on a house, we have some good news for you. Yahoo Finance has carefully selected the top mortgage lenders that specialize in low- and no-down-payment mortgages. While having a 20% down payment is an admirable goal, the reality is that many buyers cannot afford such a significant expense upfront. You can still purchase a home with as little as 3% down, or sometimes even no down payment at all. Each mortgage lender has its own unique expertise, and one (or more) of them may be the perfect fit for your home-buying needs. We use government data and extensive research to rate each lender against some of the highest personal finance reporting industry standards. We don't award five-star ratings lightly, but these lenders come close.
- The best overall low- and no-down-payment mortgage lender
- The best low-down-payment conventional loan lenders
- The best FHA low-down-payment loan lenders
- The best VA no-down-payment loan lenders
- The best USDA no-down payment loan lenders
- The best 1%-down conventional loan lenders
- Lenders that did not make our list
- More about down payments
- Frequently Asked Questions (FAQs)
Best Low- and No-Down-Payment Mortgage Lender Overall: Bank of America
According to Yahoo Finance's analysis, Bank of America offers a wide range of loan options, including those with low- and no-down payments. It also has a track record of providing lower-than-average interest rates.
Key benefits:
- Low- or no-down-payment programs include conventional and government loans.
- Analysis of 2024 government mortgage data reveals that BofA offered lower-than-median interest rates on home loans.
- BofA ranks near the top for customer satisfaction, as measured by the J.D. Power Mortgage Origination Satisfaction Study.
Need to know: Loan costs are merely average. If BofA could pair lower loan costs with its below-average interest rates, it would be an even more appealing choice.
