Top 10 Best Lenders for Low- and No-Down-Payment Mortgages for January 2025
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Posted: 23rd December 2024
Louisa Rochford
Last Updated 24th December 2024
Top 10 Best Lenders for Low- and No-Down-Payment Mortgages for January 2025.
Today a mortgage can be obtained with a down payment as low as 3%, and in certain cases, individuals may qualify for specialized government-backed programs that allow for a zero down payment. Here's the Finance Monthly round up of the 10 Best Lenders for Low- and No-Down-Payment Mortgages for January 2025.
Lender | Finance Monthly Rating | Best For | Min. Credit Score | Min. Down Payment | Learn More |
---|---|---|---|---|---|
Veterans United | 5.0/5 | VA loans | 620 | 0% | Veterans United |
Rocket Mortgage | 4.5/5 | Home loans overall | 620 | 1% | Rocket Mortgage |
NBKC | 4.5/5 | Home loans overall | 620 | 3% | NBKC |
Northpointe | 4.5/5 | Home loans overall | 620 | 3% | Northpointe |
PNC Bank | 5.0/5 | Home loans overall | 620 | 3% | PNC Bank |
Rate | 5.0/5 | Digital convenience | 620 | 3% | Rate |
Pennymac | 5.0/5 | Buyer assistance | 620 | 3% | Pennymac |
SoFi | 4.5/5 | Conventional loans | 620 | 3% | SoFi |
First Federal Bank | 4.5/5 | FHA loans | 580 | 3.5% | First Federal Bank |
Flagstar | 5.0/5 | Variety of loan types | N/A | 5% | Flagstar |