0% Down Home Loans
At Eagle Home Financial, we believe everyone deserves the chance to own a home. That's why we're excited to offer two incredible 0% down loan programs that make it easier than ever to turn your dream of homeownership into a reality.
0% Down. 100% Real.
Experience Homeownership with 0% Barriers
Down payments present a significant barrier to homeownership for many people. This is why we are proud to offer a 0% down conventional purchase loan and an FHA Zero Flex Forgivable Program, both designed to:
- Eliminate down payment hurdles
- Make homeownership more accessible
- Help you start building equity sooner
- Provide flexible options built around your financial situation
Conventional 0% Down Purchase Loan
Our Conventional 0% Down Purchase Loan allows you to finance up to 100% of your home’s purchase price. How? By including a second loan provision that covers what would typically be your 3% down payment.
Program Benefits
- Zero Down Payment: Borrow up to 3% of the home’s purchase price (up to $15,000) with no monthly payments on this additional loan
- Interest-Free: The second lien does not accrue interest
- Easy Qualification: Applicants may qualify with credit scores as low as 620
- Flexible Use: Use additional funds for home repairs or emergency savings
Eligibility Guidelines
- Loan Term: 30-year fixed rate for primary residences only
- Eligible Properties: Single-family houses, condos, and planned unit developments (PUDs)
- Income Requirements
- Education Requirements: Borrowers are required to complete a homeownership course if they are a first-time buyer
FHA Zero Flex Forgivable Program
The FHA Zero Flex Forgivable Program is a mortgage assistance initiative designed to help homebuyers with down payment and closing costs. It combines a traditional FHA loan with a forgivable second mortgage, making homeownership more accessible than ever!
Program Benefits
- Flexible Assistance: Get up to 3.5% of the sales price or appraised value (whichever is lower) for down payment and closing costs
- No Extra Costs: The second mortgage is a non-amortizing loan with no interest and no monthly payments
- Forgiveness Opportunity: The loan can be forgiven after 10 years if certain conditions are met
- Inclusive Eligibility: You don’t need to be a first-time buyer to qualify. Plus, this loan can be used to purchase homes, townhomes, and condos
Eligibility Guidelines
- 30-year Term: The first mortgage is due in 30 years, with the second lien due upon sale, refinance, or payoff
- Occupancy: Borrowers must occupy the residence as their primary home within 60 days of closing
- Credit Requirements
- Homebuyer Education: At least one borrower must take a homebuyer education course from a Fannie/Freddie or HUD-approved counseling agency
Our Conventional Loan Specialists
Meet the dedicated professionals who will guide you to the doorstep of your dream home. Our team seamlessly blends deep industry knowledge with personalized, empathetic insight, ensuring a smooth and supportive homebuying experience. With us, you are more than just a client; you're a valued member of our family.
Here’s Why We Do What We Do
I had a great overall experience with Eagle Home Financial. They were extremely knowledgeable and made the entire mortgage process very quick and easy. Any large purchase can be overwhelming but they were there to promptly answer any and all questions. I would highly recommend Eagle Home to any friends or family.
Why Work With Us?
Fast Closing
Complete your mortgage process in as little as three weeks for a faster home-buying experience.
Expertise at Every Step
Receive personalized advice from experienced mortgage experts who understand your needs and treat you like family.
Competitive Rates
Gain access to the most competitive rates in the market while lowering your long-term mortgage expenses.
Explore Our Resources
Looking for simple answers about the mortgage process? Our resources will help. Covering everything from applications to credit requirements, closing costs, and rates, you’ll find clear, easy-to-understand answers to common mortgage questions here.
More Loan Programs
FHA
Start your homeownership journey with lower credit score requirements, low down payments, more forgiving guidelines for bankruptcy, and flexible credit requirements.
VA
VA loans honor veterans with exclusive benefits, including 100% financing, faster closing times, no private mortgage insurance, and lower interest rates.
USDA
No down payment? No problem. USDA loans offer zero down payment options, lower interest rates, and reduced mortgage insurance for rural buyers.
Jumbo
Our jumbo loans feature competitive rates, exclude student loan debt from DTI calculations, and are tailored to meet the unique demands of high-net-worth buyers.
