No Down Payment

Just because you can put more money down on your home purchase doesn’t mean you should. Down payments protect the bank, not the home buyer. While it is true that a larger down payment does reduce the amount borrowed, and reduce the monthly payments, often times a lower down payment can yield financial benefits to the borrower.

Introducing Security’s No Down Payment

  • Keep your money in the bank, finance the entire amount of your home, including closing costs.
  • Option for a soft-second – meaning you don’t make a payment on the second mortgage and after 36 months of on-time payments on the primary mortgage, the second is forgiven.
  • Available to prior homeowners.
  • Also available for non-occupant co-borrowers.

Security Home Mortgage provides assistance for certain homebuyers in meeting their down payment requirements. When combined with a 30- year fixed FHA mortgage, qualified borrowers can receive a forgivable Second Mortgage to purchase a home with little or no cash investment. Ask one of our loan officers if the No Down Payment program is a good fit for your situation today.

*0% down payment, may not include closing costs, 30 year fixed mortgage APR 6.863%