Want to buy a new home this summer with 0% Down?

It’s true –you can buy a home with no money down!

If you’ve been toying with the idea of buying a house but the lack of down-payment funds is holding you back, you’re in luck! We’re going to show you how you can buy a home this summer even if you don’t have a penny saved for a down payment.

No Money Down Home Loan Programs

USDA Home Loan

A rural development mortgage from the USDA is a zero-down loan for low-to-moderate income families. Besides the no money down, you’ll enjoy other perks like a mortgage insurance premium (mip) that is lower than most other home loans. There are a few limitations to this loan, mainly the location of the home and your income.

Contact us to find out if the area you’re considering is approved for USDA home loan purchasing and to see if you qualify for a USDA mortgage.

VA Loans

VA loans are for those who are currently serving in the armed forces, previously served and is now a veteran as well as for spouses of veterans.

In other words, if you currently receive or qualify for any benefits from the military, then you’re likely eligible for a VA home loan. In addition to the zero down-payment, you’ll also save money on mortgage insurance because VA loans don’t require it! VA loans are also flexible with credit score requirements. You’ll need a VA certificate so be sure to contact the Department of Veteran Affairs to get yours and contact us to get started with your loan application.

FHA Loans

FHA loans are government-backed with have flexible qualifying requirements similar to VA loans. While you’ll still need a down payment with an FHA loan, the minimum is much lower –sometimes as little as 3.5% of the purchase price!

Here’s a hint for using an FHA loan AND still pay zero down: use gifted funds!

While other loans have limitations as to how much of your down-payment can be gifted, and FHA mortgage allows you to use gifted funds for 100% of your down-payment. When you combine that perk with that of only 3.5% down, you can see how easy it is to buy a home with an FHA loan!

Get started with your mortgage application today and see how close you are to buying the home of your dreams.

Have more questions? We’re here to help! Call or email us, and we’ll get back to you with personalized mortgage answers.



Congratulations Colleen, Brandon, and Madeline as you start your adventures in your new home. If a picture paints a thousands words, I know you guys are going to have years of happiness in your new home!!!

Why You Should Work With Me

Watch this quick video to learn why you should work with me.
I want to help you with your next home purchase or refinance. Call me today at 207-899-5354 or apply online at www.BlueStripeMortgage.com

Why You Should Work With Me from Blue Stripe Mortgage on Vimeo.


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Patrice & Roy – we are so happy that your journey back to Maine was made complete with the purchase of a new home. We are thrilled that you chose Blue Stripe Mortgage and we really enjoyed working with you both. Wishing you many years of happiness in your beautiful new home.

Patrice & Roy

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