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.
Excellent in-depth analysis. The Top 5 Low-/No Down Payment Mortgage Lenders provided by Yahoo Finance offer insightful comparisons for potential homebuyers, addressing both the affordability concerns and long term benefits of these mortgage options with crystal clarity!
Great guide for homebuyers on the hunt in 20'/>}}: Top mortgages almost effortlessly secured despite limited upfront finances, yet comprehensive prudence still advised to avoid potential pitfalls.
This comprehensive Yahoo Finance guide offers a timely and insightful evaluation of the top 5 mortgage lenders providing low-down payment or no downpayment options in anticipation for homebuyers' needs by ingenuously considering market trends, borrower criteria & loan flexibility.
This comprehensive guide from Yahoo Finance effectively spotlights the leading low- and no down payment mortgage lenders of 205, providing valuable insights for homebuyers navigating today's real estate market with ease.
