Zillow Home Loans will now help eligible buyers cover their FHA down payment
Zillow Home Loans launched FHA down payment assistance, offering eligible buyers up to 3.5% of the purchase price as a 0% interest, no-monthly-payment second loan that covers the full FHA minimum down payment. The program is available in 43 states and Washington, D.C., requires a 640 minimum credit score, and the second loan is forgiven after five years of on-time payments with owner occupancy.
Key figures
- Min credit score
- 640
- States available
- 43
- Forgiveness years
- 5
- Fha down payment covered
- Yes
- Assistance max pct of price
- 3.5%
AI analysis
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