10/27/2026
🏡 Deal of the Week — Home Purchase With No Out-of-Pocket Down Payment
- Location: Garland, Texas
- Purchase price: $275,000
- Property use: Primary residence
- First mortgage: 30-year fixed FHA loan at 6.75%
- Down payment: $9,625, fully financed through down payment assistance
- Second mortgage: 10-year fixed loan at 7.75%
- Additional monthly payment: Approximately $115.51
- Result: Buyers can purchase without paying the down payment upfront.
Still saving for a down payment? Contact us to explore your options!
Assistance is a repayable second mortgage. Closing costs and prepaid expenses may still apply. Subject to credit, property, and program approval.
Your down payment could be financed, too.
Saving for a down payment can be one of the biggest hurdles to buying a home. Lendevity now offers an FHA down payment assistance option that can cover the entire required down payment for eligible buyers.
The assistance is financed through a separate, fixed-rate second mortgage with its own monthly payment, allowing you to spread the down payment cost over time.
Program highlights:
- No first-time homebuyer requirement
- No program income limits—income qualification still applies
- Credit scores as low as 600, subject to approval
- Available for eligible primary residences, including certain condos and manufactured homes
No down payment doesn’t necessarily mean no cash needed at closing. Closing costs, prepaid expenses, and reserves may still apply. Seller credits may help cover eligible costs.
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