What is in California a No Money Down Home Loan ?
A California no money down home loan is a type of mortgage product designed to help buyers purchase a home without having to provide the traditional upfront down payment (usually 3–20% of the property price).
In California , no money down home loan help instead of saving for years to accumulate thousands of dollars, eligible borrowers to finance 100% of the home’s value, with the loan covering both the purchase price and sometimes even closing costs.
The role of no money down loans is to expand access to homeownership, particularly for first-time buyers, veterans, and low- to moderate-income families; these loans can reduce the financial barrier to entry in California’s competitive housing market.
Is it possible in California to get approved for a mortgage with no down payment ?
Yes — it is possible in California to get approved for a mortgage with no down payment, but only through certain programs and under specific conditions.
The most common options are government-backed loans, for example, the VA loan (for eligible U.S. veterans, active-duty service members, and some surviving spouses) allows 100% financing with no down payment and no private mortgage insurance (PMI).
Which lenders in California offer no money down home loans ?
Here are several reputable lenders and programs in California offering “no money down” home loans, whether via 100% financing mortgages, zero down adjustable-rate options, or government-backed schemes:
California Lenders & Programs Offering No Down Payment
- Frontwave Credit Union – No Down Payment Mortgage
Offers 100% financing with zero down payment, allows gift funds, seller-paid closing costs, and competitive fixed-rate options. Supports first-time and repeat buyers. frontwavecu.com - Cal Coast Credit Union – “Zero Down” Adjustable-Rate Mortgage (ARM)
Provides a “Zero Down” ARM loan allowing buyers to move in faster without an upfront down payment. California Coast Credit Union - Orange County’s Low Down Payment Programs (Zero Down ARM)
Through Orange County’s credit union offerings, potential buyers can access zero down adjustable-rate mortgages with fixed initial interest periods. - USDA Rural Development Single-Family Housing Direct Loans
Federal program that offers no down payment options for qualified borrowers in rural parts of California. Rural Development - VA Home Loans (via approved California lenders)
VA loans are backed by the Department of Veterans Affairs and allow eligible veterans, active-duty service members, and some surviving spouses to purchase a home with no down payment, often at favorable terms. - CalHFA (California Housing Finance Agency)
While not a direct lender, CalHFA offers programs like CalPLUS with ZIP (Zero Interest Program) for down payment assistance and deferred junior loans, making it possible to buy a home with minimal or no initial down payment.
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