Low Down Payment Loans

You May Qualify for a Low or No Down Payment Loan

Allied offers low to no down payment options for qualified borrowers. From FHA and USDA to Conventional loans such as HomeReady® from Fannie Mae and Home Possible® from Freddie Mac, to options for Veterans, many borrowers can benefit from Allied flexible loan options.

Criteria for Down Payment Assistance

Down Payment Assistance programs consider several things to determine if you qualify. The criteria vary depending on the state or municipality, but they review income, credit, household size, reserves, and whether you are a first time or experienced homeowner.

Most assistance programs, especially for first-time buyers, require the completion of homebuyer education programs.

Some programs are designed for individuals who provide necessary services to the community. They include teachers, firefighters, law enforcement personnel, health care workers, and veterans.

To qualify for down payment assistance, the home must be occupied as the primary residence. Single-family homes, townhomes, condos, and even some multifamily properties are allowed if the buyer is also an owner-occupant.

Find out what programs you may qualify for using our free, easy-to-use search tool.

Benefits

Low to No Down Payment for certain loans and qualified borrowers
Talk to us about state and local downpayment grants that may be available.
Down Payment gifts from family may be allowed
Great for first-time homebuyers

Contact Allied today and learn about these benefits and get answers to all your mortgage questions by speaking with an Allied loan officer.

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Our Happy Customers

Reviewed for Cathy Rebecca Fernandes on Nov-11-2025
“I cannot say enough great things about Cathy Fernandes and her team. We trust Cathy and know that she will ensure we have the best customer experience. She is responsive and an expert in her field. No one else we would go to.”

MICHELE S

Reviewed for Paul Bierly on Nov-11-2025
“Paul and his staff were great to work with”

Anthony F

Reviewed for Patrick Nitsche on Nov-11-2025
“Patrick was always available if I had questions or concerns. I was kept informed throughout the process and was notified if I needed to provide additional information.”

David Mason

Reviewed for Cathy Rebecca Fernandes on Nov-11-2025
“Time,advice,patience and very knowledgeable”

FUQUION

Reviewed for Sumit Rajpal on Nov-11-2025
“It could not have gone any better. Everything was perfect!”

Steven W

Reviewed for Shawn Cohen on Nov-11-2025
“Shawn was very helpful in purchasing my first home! Would highly recomend!”

Evan

Reviewed for Dan Lapic on Nov-11-2025
“Was very knowledgeable and helped us get the house of our dreams. Would highly recommend”

Alyson Karen

Reviewed for Sumit Rajpal on Nov-10-2025
“Very professional and very fast No Hidden fees or tricks like some other banks I have dealt with .”

Desiree M

Reviewed for Dan Lapic on Nov-08-2025
“Everything about it. Super easy to reach, explained every step every bit of the way. Got us a fantastic interest rate. being a first time home buyer we didn't have a clue what we needed to do but Dan was very professional. He was even able to direct us to someone to help us get a great price on homeowners insurance. I can't stress enough how smooth he had made this process! 110% Satisfaction”

Travis

Reviewed for Michael Grant on Nov-08-2025
“Michael was sincere: the least pushy and the most helpful. It was a white-glove service experience (and I compared companies). Best service , best response time & best rate!”

Ann L