Let us help you lock in your decision!

At Castle Rock Mortgage LLC, we help qualified homebuyers explore low down payment mortgage options designed to make purchasing a primary residence more accessible. Available programs may include 3% down conventional loans, FHA loans with a 3.5% minimum down payment, and USDA home loans where property and borrower eligibility requirements are met.

Program availability, down payment requirements, and terms vary by loan type, credit profile, property characteristics, and applicable lender and investor guidelines. Not all borrowers will qualify for every option.

VA loan

You can buy a home with no money down, or refinance your home up to 100% of the value of your home.

USDA loan

100% Financing - you can buy a home with no money down. You can refinance your home up to 100% of the value of your home. USDA Rural Development loans may offer no-down-payment financing for eligible properties located in qualifying areas. Income limits, property location requirements, and household eligibility criteria apply. Not all properties or borrowers qualify for USDA financing.

Conventional loan

Borrowers may qualify for just 3.0% down-payment, you no longer need 20% down. Certain conventional mortgage programs allow qualified buyers to purchase a primary residence with as little as 3% down. Eligibility is based on factors such as credit score, debt-to-income ratio, occupancy, and property type. Private mortgage insurance (PMI) may be required depending on loan structure and down payment amount.

FHA loan

FHA insured mortgages only require a 3.5% down-payment which makes it easier for people to own homes. FHA-insured mortgages, backed by the U.S. Department of Housing and Urban Development (HUD), offer a minimum down payment of 3.5% for borrowers who meet FHA credit and underwriting guidelines. FHA loans require upfront and monthly mortgage insurance premiums (MIP) and are subject to FHA loan limits and property standards.

Program features, eligibility requirements, interest rates, APR, and loan terms vary by product and are subject to change. All loans are subject to credit approval, underwriting review, and applicable laws. This information is provided for educational purposes only and does not constitute a commitment to lend.

Ready to explore your options?

Contact Castle Rock Mortgage LLC to discuss which low down payment programs may be available based on your specific goals and qualifications.  Contact us!