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Zero Down Loan

While nearly everyone would like to own their own home, not everyone has enough cash to put down. By using one of our zero down loan programs, you can buy a home with no down payment.

Zero down means you can buy now, instead of watching prices rise while waiting to save enough for a down payment. Instead of getting priced out of the market, you can start building equity, reducing your tax bill and enjoying “pride of ownership.”

Stearns Lending can help you choose the best zero-down option for you:

- Get one single loan for 100 % of the purchase price of your home. Stearns Lending offers 100 percent loans with or without mortgage insurance.

- Get an 80% first mortgage and a 20% second mortgage (also known as a "piggy-back or 80/20"). This option does not require PMI, and all interest is tax deductible.

- Get a first mortgage and have the seller carry a second mortgage for the balance of the purchase price.

We even offer zero down programs that allow you to borrow three to seven percent of the purchase price to pay your closing costs or consolidate a few debts. Call our loan specialists today to see if you qualify for any of these programs.