Which mortgage has the lowest down payment?

Unless you are a veteran and eligible for a VA loan, your only option with less than 3.5% downpayment is probably a USDA "Rural Development" loan which is only possible in certain locations classified as rural. Otherwise, talk to local lenders about what options your State Housing Finance Agency may offer. With 3.5% downpayment you can get a FHA loan and all your closing costs and prepaid expenses can be covered by the seller. Sometimes local credit unions and community banks offer 97% loans but you may need more than the 2% you mentioned. Maybe your tax refund $$ in 2015? Good luck!

If you're looking to purchase in Provo, I can help you get a loan with a downpayment assistance program. Your downpayment will only need to be $1,000. Based on your family size and income, it sounds like you will qualify. Send me an email at dana@utloanofficer.com and I will send you more information. Or you can call/text me at (801) 473-3154.

I can get you done with .5% down, or $500 bucks per 100,000 sales price. Works like a charm. I'm the owner/broker with 20 years experience. The best advantage you can get for rate and costs is to work with an owner/broker. My number is 801-808-6275. I'm in Draper.

I agree with PHIL D BELOW ... I CAN also refer you to someone that does private cash line advances your score is ok for this..

USDA is zero down, VA (assuming you're eligible) is zero down, FHA is 3.5% down, and conventional is 5% down.. There also might be some down payment assistance programs available in your area.. your local real estate agent or mortgage broker should be familiar with these programs which can gift/grant you the necessary funds to purchase. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

If you are a veteran eligible for VA financing, you can put 0% down on a home purchase. If you do not qualify for VA financing, your next option would be FHA financing, which only requires 3.5% down.

Well zero down payment loans have the lowest of course. Loans like VA Loans, and USDA loans. Next is usually something combined with a down payment assistance program. Following that is an FHA loan at 3.50%, and standard conventional loans at 5%. Side note, Fannie Mae and Freddie Mac are expected to re-offer 3% down conventional loans any day now... Lending in MN, WI, and SD - www.StPaul-Mortgage.com

USDA or VA loans have zero down. Several lenders on this forum have good sources for you.

There are only three options for a 100% financing, VA, USDA, or VHDA. You must meet the qualifications for these programs. FHA requires 3.5% down. However their are Down payment Assistance Programs available Check with a Loan Officer in your area to see if you qualify for any of these programs.

The lowest down payment loans right now are your government loans. FHA requires 3.5% down, VA and USDA can do up to 100% financing plus, to qualify you need to be VA eligible and for USDA the property needs to be in a USDA area and there are income restrictions as well. It sounds like FHA is your best bet unless you are a Veteran or the property is in a USDA area. Save up another 1.5 % and some money for appraisal ,home inspection and a years home owners insurance premium, then tell your realtor you need a sellers concession to wrap in all the closing costs. Also speak with a local mortgage pro to see if there are any down payment assistance programs for the area you are looking to buy in.

There is another program that none have mentioned on here, It is the Utah Housing Program offering 100% financing, No down Payment.Please call me, as my team is ready to help you get the loan done.435.764.8709 cellwww.yourmortgageguy.us (you can apply online)