North Carolina 100% No Money Down Home Mortgage Loans

Call 858-234-9116 or Apply Online to get started today.

In today's economy, it is becoming more and more common to purchase a home with no money down. As the demand for 0% DOWN loans has increased, we have made sure to offer a greater number of NO MONEY DOWN options here in North Carolina.

Our 100% Financing is available for both purchasing and refinancing for North Carolina homes.

  • No down payment required
  • No PMI required- Private Mortgage Insurance
  • No required contributions from sellers
  • May finance closing costs and repairs

North Carolina Zero Down Home Loans- buy your home with NO money down - Non Owner Occ in North Carolina as well. That means WE can do 100% Financing for investment and vacation homes.

Little or no cash up-front- 100% of the closing costs can come from a gift or other source, seller concessions or gift funds.

Less income required- Expanded debt ratios now make it easier to qualify for a 100% North Carolina home loans.

Clients from a variety of backgrounds and all income levels have good reasons for buying a home without a down payment.

100 Percent Financing (zero down, no money down) is a means to assist many people that are currently renting to become homeowners! Simply put, 100 percent financing means financing 100% of a home's purchase price. Our zero down home loan programs apply to single family residences (from 1-4 units), town homes, condominiums, and PUD's.

Credit history does not need to be perfect. If your going Full DOC, your FICO needs to be around 580, if you want to go stated, then 620 or better for North Carolina Zero Down Loans.

For many potential buyers, coming up with a down payment can be very difficult. This does not be the case. You can still have the benefits of homeownership. It is possible to buy a home with no down payment, we help people do it all the time.

In additon to the standard zero down loan programs, There are several other methods by which eligible home buyers can minimize or even eliminate down payments. These include: VA loans, Owner financing, Lease/purchase, House trading, Job-related federal programs, and State and local government programs.

VA Loans- The method of purchasing a home with no down payment that most people are familiar with is through the Department of Veterans Affairs, or VA. This benefit is available to active and retired members of the military service, veterans, POW's and MIA's and their unmarried widows. All branches of the service including the Coast Guard are eligible. Also members of Selected Reserves or National Guard who have completed six years may be eligible along with many with WW II service from the merchant marines, military academies and others pulled into service for the war effort. We have more information on VA loans.

House Trading, Lines of Credit- Many professional investors acquire homes with no money down by trading one property for another. In some cases, they trade one large property for several smaller rental properties. Or they trade houses in different cities to acquire a vacation or retirement home. Property trading is also a legal way to avoid the capital gains associated with selling a property. Another way to acquire a property with no money down may be with a line of credit secured by the equity in another property. This allows the homeowner to purchase another property using the accumulated equity in a home without selling the original property.

HUD- The Office of Housing and Urban Development (HUD) offers special financing for first-time home buyers. This program is based upon need and is designed to allow low-income families to obtain their first home without a significant down payment or closing fees. Also, many HUD foreclosure homes require no down payments.

Local Programs- Some states, counties and cities offer programs that can eliminate down payments. Often, prospective home buyers must meet income requirements, hold certain jobs, be a first-time buyer or agree to buy in a specific area. The goal of homeownership should be achievable by almost everyone who desires it.


Call 858-234-9116 or Apply Online to get started today.