LOW & ZERO DOWN HOME LOANS: Explore Our Programs

Cornerstone: Bringing Families Closer to Home Since 1988

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Making Homeownership Possible For Everyone

Want to buy a home now, but don’t have a lot of money saved up to put towards a down payment? We have solutions to help guide our community down the path of homeownership!

  •       FHA LOANS
  • Federal Housing Administration (FHA) loans are a popular low down payment option that has helped many families purchase their dream home. With only 3.5% of the purchase price used as a required down payment, and lower-than-usual qualifying credit standards, an FHA loan may be right for you. In some instances, FHA loans can be coupled with other down payment assistance programs. If you are looking to be in your own home but are unsure about qualifying due to credit or not having enough of a down payment, FHA loans are something to ask about.

  •       USDA LOANS
  • We are pleased to offer USDA Rural Development loans to qualified potential homeowners who are looking to purchase a home in a suburban or rural area. With a USDA loan, 100% financing is available, meaning there is no down payment required! There are credit score and income qualification standards and limits for USDA loans, but eligible homeowners and properties can save thousands of dollars upfront by utilizing this affordable housing program.

  •       VA LOANS
  • The Cornerstone family is proud to serve active and veteran service members, and some qualifying spouses, with the VA loan program. For those service members with good credit scores, stable income, and a qualifying Certificate of Eligibility (COE), the VA will guarantee your loan with zero money down! Let us say “thank you” to those who have served our country by asking about your eligibility for this special program.


    Homeownership assistance programs exist in all 50 states that are designed to help everyone achieve their homeownership goals. These programs can be both government-sponsored or private, and qualifications for programs and limits on aid amounts vary. We are proud to offer NC Housing Finance Agency programs to current and future North Carolina residents. Give us a call to learn more about what programs may be available to you!

  • If you want to buy a home but can only put between 5-19% down on a loan, you can still be a homeowner! Non-USDA and non-VA loans that have a down payment of less than 20% require Private Mortgage Insurance, which can range from 0.4-1.2% of the loan amount and is paid monthly.

  •       GIFT FUNDS
  • If you have been given a financial gift towards a down payment, you can use it! Depending on which loan program you choose, there may be restrictions on who the gift comes from or what percentage of the down payment you may use the gift funds for. Additionally, gift funds must be able to be documented through bank statements and gift letters.

Want to learn more about your no or low down payment options?

At Cornerstone, our knowledgeable loan officers are here to help. Contact us for more information about the mortgage process and options for buyers who wish to have a low down payment, or none at all! We’ve earned the trust of homeowners across the Southeast and Mid-Atlantic – Let us earn yours!

Prequalify Now

Take your first step towards buying a new home. Know how much house you can afford.