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Purchase A Home With $0 Down*

No down payment? YES! No Down Payment!

With the Zero Downpayment Home Loan, you can keep your hard earned savings and still buy the home that's best for you. We can even finance up to 3% of your closing costs!

No down payment means there’s no need to diminish your savings to get the home you want. This loan assists with your down payment AND your closing costs to help make your dream home a reality.

Zero Down Mortgage

  • 1.
    Available for first-time homebuyers.
  • 2.
    No Income Limitations.
  • 3.
    Overcome the traditional down payment.
  • 4.
    Min. Credit Score
  • 5.
    Other restrictions may apply. Contact Us to see if you qualify.
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Simple Home Buying Process

  • 1.
    Apply/Get Prequalified. This will make sure your loan process is as smooth as possible.
  • 2.
    Find Your Dream Home. Work with a realtor and find your home. Our Loan Officers are also here with every step of the way.
  • 3.
    Close Your Loan. On the day of your closing, your loan officer will walk you through the process to close on your loan.
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* THE MORTGAGE PLACE INC., NMLS 872824, 646 PLANK ROAD SUITE 102, , REGISTERED MORTGAGE BROKER - NYS DEPARTMENT OF FINANCIAL SERVICES. BROKER ARRANGES MORTGAGE LOANS WITH THIRD-PARTY PROVIDERS.,INFORMATION SUBJECT TO CHANGE. CERTAIN RESTRICTIONS APPLY. SUBJECT TO APPROVAL OF BORROWER AND INVESTOR GUIDELINE REQUIREMENTS. DOWN PAYMENT IS PROVIDED AS A 2ND LIEN AGAINST THE SUBJECT PROPERTY. 2ND LIEN BEARS A 0% INTEREST RATE AND CANNOT EXCEED A $15,000 LOAN AMOUNT. 2ND LIEN HAS NO MINIMUM MONTHLY PAYMENT REQUIREMENTS, A TERM OF 360 MONTHS AND IS FULLY DUE AS A BALLOON PAYMENT UPON THE OCCURRENCE OF EITHER A REFINANCE OF THE 1ST LIEN, PAYOFF OF THE 1ST LIEN OR THE FINAL PAYMENT OF THE AMORTIZATION SCHEDULE OF THE 1ST LIEN. BORROWER MUST QUALIFY BASED ON HOME POSSIBLE® GUIDELINES. SOME EXCLUSIONS MAY APPLY.THE PRINCIPAL, INTEREST, AND MI PAYMENT OF A $350,000 30-YEAR FIXED-RATE LOAN AT 6.999% AND 97% LOAN-TO-VALUE (LTV) IS $2433.32. THE ANNUAL PERCENTAGE RATE (APR) IS 7.528% WITH ESTIMATED FINANCE CHARGES OF $6,500. THE PRINCIPAL AND INTEREST PAYMENTS, WHICH WILL CONTINUE FOR 360 MONTHS UNTIL PAID IN FULL, DO NOT INCLUDE TAXES AND HOME INSURANCE PREMIUM, WHICH WILL RESULT IN A HIGHER ACTUAL MONTHLY PAYMENT. RATES CURRENT AS OF 8/15/2024. SUBJECT TO BORROWER APPROVAL. SOME EXCLUSIONS MAY APPLY.