No Down PaymentBuy Your Texas Home with Zero Down
VA loans, USDA financing, and FHA programs. Own a home without saving for years. Get pre-approved today.
Your Zero Down Options
VA Loans
For eligible veterans, active military, and surviving spouses
- Zero down payment
- No PMI required
- Competitive rates
- Funding fee ~1-2%
USDA Loans
For qualified rural and suburban properties in approved areas
- 100% financing
- Rural properties only
- Low credit requirements
- No PMI alternative
FHA Loans
Most accessible conventional alternative to true zero down
- 3.5% down minimum
- Flexible credit scores
- Gift funds allowed
- Lower income limits
Why Zero Down Payment Matters
Save Thousands on Down Payment
No need to save $30,000-$100,000+ before buying. With zero down programs, qualified buyers can purchase homes while keeping cash available for emergencies, repairs, and life.
Buy into Equity Now
Stop paying rent to a landlord. Own your home and build equity immediately. Property appreciation and principal paydown build wealth for your family.
Competitive Interest Rates
Zero down programs often feature below-market interest rates. VA loans especially offer rates 0.5-1% lower than conventional financing, saving thousands over 30 years.
No Private Mortgage Insurance (PMI)
VA and USDA loans skip PMI entirely, saving $200-$500/month. More of your payment goes toward principal and building equity in your home.
How to Get Pre-Approved
Free Consultation
Call Ken at 936-727-4534 or apply online. 15 minutes to explore your options.
Verify Eligibility
We check your military service (if VA), property location (if USDA), or credit profile (FHA).
Pull Credit & Verify Income
Soft credit check and income verification. We work with various employment situations.
Pre-Approval Letter
Get approved and ready to shop. Pre-approval letter within 24-48 business hours.
Estimate Your Monthly Payment
Estimated Monthly Payment
$2,206.58/mo
Principal & Interest
$1,706.58
Taxes
$400.00
Insurance
$100.00
Loan amount: $270,000 · This is an estimate only. Actual payments depend on program, lender, mortgage insurance, HOA, and underwriting. Not a commitment to lend.
Ready to Get Started?
Apply online through our secure Loan Factory portal, or call Ken directly for a personal consultation. There's no obligation for a pre-qualification review.
Applications processed securely through Loan Factory, Inc. NMLS #320841 · Ken Harmon NMLS #921561
Frequently Asked Questions
What are my zero down payment options in Texas?
VA loans for veterans (truly zero down), USDA loans for rural properties, and FHA loans (typically 3.5% minimum). Texas also offers state-specific down payment assistance programs and grants for qualified first-time homebuyers. We specialize in VA loans, which are the most generous option with no PMI and competitive rates.
Why are VA loans the best option?
VA loans offer true zero down payment, no PMI (saving $200-500/month), typically the lowest interest rates available, and flexible credit requirements. Texas honors military service with additional resources and support. You also get a one-time funding fee (1-2%) rather than ongoing PMI.
Are there Texas-specific down payment assistance programs?
Yes! Texas offers several programs including the Texas HOME Program, down payment assistance grants through various counties and cities, and forgivable loan programs for first-time homebuyers. Some programs cover 5-10% of the purchase price. Eligibility varies by location and income.
What is the difference between FHA and VA loans?
VA loans offer zero down with no PMI. FHA typically requires 3.5% down and charges PMI for the life of the loan. VA loans have better rates and lower fees. If you qualify as a veteran, VA is almost always the better choice.
Are there grant programs (not loans) in Texas?
Yes, some Texas cities and nonprofits offer down payment assistance grants for qualified homebuyers. These don't require repayment and can cover 3-15% of down payment. We can help you identify which programs you may qualify for.
Are closing costs required out-of-pocket?
Not necessarily. Sellers often cover closing costs (3-6%). With VA loans, lenders can also cover many costs. We structure deals for truly zero out-of-pocket financing when possible.
What credit score do I need?
VA: 580+ (often lower with explanation). USDA: 620+. FHA: 580+. Texas assistance programs: often 640+. Each has flexibility for credit challenges.
Can I use down payment assistance AND a VA loan?
Yes! You can combine VA loans with Texas assistance programs. Some borrowers use VA (zero down, no PMI) while also getting state grants that can be used for closing costs or repairs.
Ready to Buy Your Texas Home with Zero Down?
Get pre-approved today. Let's explore your options and find the right program for you.
Important Disclosures
Programs, rates, terms, and conditions are subject to change without notice and are subject to credit and underwriting approval. Not all applicants will qualify. Loan amounts, interest rates, and program availability may vary based on individual circumstances, lender guidelines, and current market conditions. This is not a commitment to lend.
Ken Harmon, NMLS #921561. Loan Factory, Inc. NMLS #320841. Licensed to originate mortgage loans in the State of Texas. Verify licensing at nmlsconsumeraccess.org.
Equal Housing Opportunity.