Are There Any Mortgage Loans with No Down Payment?
Updated 21 days ago (March 6, 2026)
The short answer is yes, not all mortgage loans require a down payment.
Certain lenders can provide you with up to 5% of your total mortgage amount in the form of a loan or line of credit to cover the cost of your down payment. On the closing day for buying the home, you will receive 5% of the mortgage amount in cash. This process functions as allowing you to take out a mortgage with no effective down payment.
Typically, mortgage loans that do not require a down payment are only available to those borrowers who have demonstrated a sufficiently high income that they would be capable of repaying this expanded mortgage loan. These borrowers must also have a minimum credit score of 620, although some lenders will have even stricter requirements and mandate a higher credit score.
Not requiring a down payment allows the lender to expand their business, offering more mortgage loans than they would otherwise.
Financial Disclaimer: Tellus provides this content for informational purposes only. This is not financial advice. Financial returns and mortgage terms vary based on individual circumstances and market conditions. Consult a qualified financial advisor before making financial or borrowing decisions.