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Home zero down mortgage loan

A zero down mortgage is a loan-type you make a down payment of 'zero dollars' to get. And not having to make a down payment is defiantly a 'miracle on mortgage-street.'

With a zero down mortgage loan, you can start to own a home or multi-residential real estate right away. You don't have to save or scrimp for a down payment. And with zero down payment, there's no extra cost for you to go from renting to owning a home real estate.

Apply for this zippy mortgage loan type. Fill out the home mortgage application.

Learn about the rates, payments, amortization and terms for home zero down mortgage loans

Rates for zero down mortgages

These are the institutional rates you can get for this type of mortgage loan:

• Fixed rates

These are the private rates you can get for this type of mortgage loan:

• Fixed rates
• Adjustable rates
• Convertible rates

Payments for zero down mortgages

If you use an institutional lender, you can pay off zero down mortgage loans with:

• Constant payments

Or, if you use a private lender, you can pay off zero down mortgage loans with:

• Interest only payments
• Straight-line principal reduction payments
• Constant payments

Amortization for zero down mortgages

Whether you use an institutional or private lender, you can get a 5 to 25 year amortization for zero down mortgage loans.

Terms for zero down mortgage loans

You can get these terms for a zero down mortgage loan if you use an institutional lender:

• Short terms of 5 years only

And you can get these terms for a zero down mortgage loan if you use a private lender:

• Short terms (6 months to 5 years)
• Long terms (6 years to 18 years)

Hey - want to find out what some of these mortgage loan terms mean? Look at the mortgage glossary.

Need more info on zero down mortgage loans? Contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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