The Best Loans For Homebuyers With Zero Downpayment
May 30 2023

Are you a first-time home buyer and looking to purchase a home with zero downpayments? If s, you are not alone, as we understand saving every penny to build your own home is difficult. That is the reason we have loan plans that are friendly to your budget and require no downpayment. In this blog post, we will look at some of the best loan options available to home buyers with no initial payment. However, we also discuss the pros and cons of each loan type, as well as the eligibility requirements and other important factors to consider before applying. Read on to learn more about the best loans for home buyers that Amy Bonis offers to her clients. 

FHA Loan

FHA loans are one of the most popular loan options that Amy Bonis also recommends. However, this type of loan is insured by the Federal Housing Administration, making it a secure option for those who are unable to come up with a large downpayment.

Who Are Eligible?

FHA loans are available to all qualified borrowers. The buyers can purchase single-family homes, condominiums, and some manufactured homes with this loan. 

What Benefits Can You Get? 

  • FHA loans also have lower closing costs and fees than many other loan types. Additionally, such types of loans are typically assumable and have lower rates when compared to conventional loans.
  • Another benefit of an FHA loan is that they are eligible for many first-time home buyer programs, such as grants and tax credits. 

Moreover, you can also avail of home-buying assistance programs from Amy Bonis. It can help make the dream of homeownership a reality. However, it is important to remember that FHA loans are often ideal for first-time home buyers. But, the buyer must get a consultation from a reputed lender like Amy Bonis to apply for the loan. 

VA Loan

VA loans are available to veterans, active-duty service members, surviving spouses, and some members of the National Guard and Reserves. These home loans are backed by the Department of Veterans Affairs (VA). They require no down payment or mortgage insurance and can be used to purchase existing homes, condominiums, townhouses, and new construction. VA loans offer lower interest rates and closing costs than conventional loans.

Who Are Eligible?

The assistance programs provide grants and other financial aid to qualified applicants who may not be able to afford a traditional down payment. These programs may also help veterans and military families save money on closing costs and other expenses associated with purchasing a home.

What Benefits Can You Get? 

This program provides veterans and service members with a no down-payment home loan for rural and suburban homes. Further, in those areas that are designated as rural or low-income communities. However, the loan is 100% financed by the government and allows borrowers to finance up to 100% of the home’s value. Borrowers can use the funds for closing costs and other related expenses.

With the right consultation from Amy Bonis, you don’t have to put any money down when purchasing a home. She will give you all of the information you need to apply for the loan. 


For those looking for a zero downpayment loan option, the USDA loan is a great option. This loan program is backed by the United States Department of Agriculture. Further, it is designed to help rural and suburban home buyers purchase a primary residence with no downpayment. 

Who Are Eligible?

To be eligible for a USDA loan, applicants must meet certain income requirements, and the property must be located in an approved USDA area. 

What Benefits Can You Get? 

Qualified borrowers can get a loan with competitive interest rates, no required private mortgage insurance (PMI), and some closing costs may be included in the loan amount. Furthermore, there are also some first-time home buyer programs available through the USDA that may offer additional benefits, such as reduced interest rates or grants.

Furthermore, if you are looking for a no-down payment loan option, then go for Amy Bonis loan consultation services. She will help you become a homeowner without having to make a downpayment.


First-time home buyers often face additional hurdles when it comes to buying a home, but there are programs available specifically designed to help them. These loan programs can help make it easier to qualify for a mortgage, as well as provide additional assistance in the form of down payment assistance.

Amy Bonis is here to help make sure you get the right loan program that fits your needs. She can provide you with all the information you need about these various loan programs and help you decide which one is best for your situation. She will also provide assistance throughout the entire home-buying process from start to finish, so you can be sure your experience will be seamless and stress-free.

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