FHA loans
FHA financing can offer a down payment as low as 3.5% for eligible borrowers. FHA mortgage insurance is generally required. Credit, debt-to-income, property condition, and other underwriting requirements apply.
Traditional mortgage options
The right loan depends on your qualifications, the property, and your goals. These are educational overviews, not loan offers.
Conventional loans
Some eligible conventional mortgage programs allow down payments as low as 3%. Private mortgage insurance may apply when the down payment is less than 20%, and may be removable when applicable requirements are met.
VA loans
Eligible service members, veterans, and certain surviving spouses may qualify for a VA-backed loan with no down payment. A funding fee may apply, subject to exemptions. VA loans do not require monthly mortgage insurance.
USDA loans
Eligible borrowers purchasing qualifying homes in designated areas may have access to no-down-payment USDA financing. Household income, property location, and other program rules apply.
Down payment assistance programs
Assistance is not always free money. Some programs require repayment or have conditions that affect refinancing and selling. Program availability, limits, and terms may change.
CCM ZeroDown
FHA financing with 3.5% or 5% down payment assistance for qualified first-time or repeat buyers. The program is described as having no program income limits. Assistance is a repayable second mortgage, not a grant; it may also help with certain closing costs. Other costs may still apply. Exact repayment terms, pricing, and eligibility should be reviewed with Angela.
Florida Assist
Up to $10,000 in assistance, subject to current Florida Housing guidelines. Commonly structured as a deferred, non-forgivable second mortgage. Repayment can be triggered by sale, refinance, payoff, transfer, or occupancy changes. Eligibility and funding must be confirmed.
Florida HLP
A Florida Housing assistance option described as providing $12,500. This is a repayable second mortgage with monthly payments, which may affect affordability and qualifying debt-to-income ratios. Confirm current rate and terms with Angela.
HFA Preferred / Advantage PLUS
Potential assistance of 3%, 4%, or 5% of the first mortgage amount through eligible Florida Housing conventional loan products. Some assistance may be forgivable over time, subject to specific program terms. Income, purchase-price, and other limits can apply.
Specialty financing
Angela's lending team also offers options that may fit borrowers with different income documentation or investment goals.
DSCR investment property loans
Debt Service Coverage Ratio (DSCR) financing typically evaluates an investment property’s qualifying rental income relative to its mortgage obligations. This can be useful for eligible rental-property investors. Down payment, reserves, property cash flow, credit, and loan terms vary. These loans are generally for investment properties, not owner-occupied primary residences.
Bank statement loans for self-employed borrowers
Some nontraditional mortgage programs evaluate deposits or cash flow using 12 or 24 months of eligible bank statements rather than relying only on tax-return income calculations. Lenders may apply expense factors and require additional business documentation. Down payment, rates, and eligibility vary.
How the mortgage process works
- Talk with Angela about your budget and options
- Submit documents for preapproval
- Search for homes and make an offer
- Complete your mortgage application once under contract
- Work through appraisal and underwriting
- Review your Closing Disclosure and final conditions
- Sign, fund, and close on your new home
Documents to prepare
Depending on the loan program, lenders may request identification, recent pay stubs, W-2s or tax returns, bank and asset statements, employment or business information, and documentation of funds for closing. Specialty programs may require lease agreements or additional bank statements. Share sensitive documents only through your lender's secure process.
Frequently asked questions
Do I need 20% down?
Not necessarily. Several loan types allow smaller down payments for eligible borrowers.
Does zero down mean zero closing costs?
No. Closing costs, prepaid expenses, reserves, and other cash requirements may still apply.
Is down payment assistance always a grant?
No. Many assistance programs are second mortgages that must be repaid, sometimes with monthly payments.
Can I use a different lender?
Absolutely. You are free to choose any lender and are not required to use Jamie’s preferred lender.
Meet Angela Avoletta
Angela Avoletta
CrossCountry Mortgage · NMLS #215078
Angela is Jamie’s preferred mortgage lending partner and can discuss available loan programs, financing questions, and next steps based on your circumstances.
561-254-7410
angela.avoletta@ccm.com
The online application link is shared by Angela’s lending team and may identify her lending partner as the referrer.