PTIN Seal

Mortgages & Loans

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Mortgages & Loans
  4. What is a Zero Down Plus mortgage ?

What is a Zero Down Plus mortgage ?

Borrowers can borrow up to 103% of a home's purchase price or appraised value, whichever is lower. There is no down payment. Closing costs including PMI can be financed as part of the loan. Generally, the loan period is for 15 or 30 year fixed mortgages and is offered to borrowers with good credit.

Need Professional Help?

If you need help with "Mortgages & Loans" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.