$0 Down Payment Loan Options

We can get you into a home with little to no out of pocket costs

$0 Down
FHA Loans

Receive 3.5% down payment assistance for the purchase of a house,  condo, townhome, multi-family, or manufactured home.  

  •   580 Minimum Credit Score

  •   No Income Limits

  •   Do not have to be first time home buyer

  •   Must be used for primary residence

  •   Loans up to $980,000

  •  Some options don't require repayment

  •  Some options are a repayable loan

1% Down
Conventional Loan

Receive up to $2,500 in down payment assistance for a conventional loan for a single family home, condo, or townhome

  •  Up to 2% down payment assistance

  •  620 Minimum Credit Score

  •  Must be a first time home buyer

  •  Income limits apply

  •  Maximum loan limits apply

  •  No repayment required

$0 Down
Conventional Grant

Homebuyers in select metro areas in Illinois, Indiana,, Michigan, Arizona, Florida, California as well as 12 other states can receive help

  •  3% Down Payment Grant

  •  620 Minimum Credit Score

  •  No repayment required

  •  First time homebuyers for $0 down

  •  All others get 3% down payment grant 

$0 Down plus additional cash for Closing Costs

For buyers that need help with both a down payment and closing costs, the lender provides an additional 1.5% for closing costs

  •   580 Minimum Credit Score

  •   No Income Limits

  •   Do not have to be first time home buyer

  •   Must be used for primary residence

  •   Loans up to $980,000

  •  Money received is repaid monthly

State and Local
Government Programs

Programs from state government agencies  and individual cities provide numerous down payment assistance programs.

  •  Grants, Forgivable, Repayable Loans

  •  All types of homebuyers (1st and repeat)

  •  Must be primary residence

  •  Some options don't require repayment

First Time Homebuyer Programs

There are multiple first time home buyer programs from Fannie Mae and Freddy Mac, each with a different combination of benefits.

  •  Lower down payment requirements

  •  Lower monthly mortgage insurance

  •  Preferred Interest Rates

  •  Relaxed restrictions

Balanoff Mortgage Team

(773) 828-5700  (text or call)

Robert Balanoff
NMLS # 1974234
AZLIC# 1023759

Regulatory Information

For licensing information, go to 

www.nmlsconsumeraccess.org


Regulated by IDFPR – Residential Mortgage Banking  555 West Monroe St., Ste 500   Chicago, Illinois 60661   844-768-1713

NEXA Mortgage, LLC

NMLS #  1660690
AZ LIC # BK-2006218

Corporate Headquaters
5559 S Sossaman Rd Bldg1 #101
Mesa, AZ 85212

Copyright 2026. All Rights Reserved.