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Understanding Low Down Payment

The concept of a 20% down payment has long been a staple of the mortgage industry. However, this notion has become outdated, and numerous loan programs now offer significantly lower down payment requirements. From FHA loans to VA loans, there are various options available to borrowers who want to purchase a home without breaking the bank. In this section, we will delve into the world of low down payment mortgages and explore the possibilities.

The average first-time buyer puts down just 6%.

How NMHL Helps

Proven solutions for low down payment

Personalized Consultation

Speak with a licensed expert who understands your unique situation and guides you to the right program.

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Flexible Loan Programs

Access programs designed for borrowers in your exact situation — FHA, VA, conventional, and more.

Multiple program optionsCompetitive rates

Guided Process

We walk you through every step from pre-approval to closing. No surprises, no confusion.

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Your Path to Homeownership

1

Free Consultation

Tell us about your situation and goals.

2

Explore Options

We match you with the best loan programs.

3

Pre-Approval

Get pre-approved to strengthen your position.

4

Close with Confidence

We guide you through closing smoothly.

Success Stories

NMHL made our first home purchase incredibly smooth. The team guided us through every step and found us a rate we couldn't believe.

Sarah M.Troy, MI
★★★★★

After being denied by two other lenders, NMHL found a solution for my self-employed income. Bank statement loan closed in 25 days.

James R.Birmingham, MI
★★★★★

The VA loan process was seamless. Zero down payment and the best rate I found anywhere. Thank you NMHL!

Maria L.Sterling Heights, MI
★★★★★

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