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Low Money Down Home Loans

Do you want to enjoy the benefits of owning your own home, but are worried that you won't be able to save enough cash to make a down payment? You're not alone.

Many people would love to own their own home but are having trouble saving the tens of thousands of dollars often needed for a sizeable down payment. Thankfully, American Bank offers low and zero money down home loan options. These special home financing programs are backed by agencies of the federal government and typically carry very affordable mortgage rates. Best of all, these programs open up the dream of home ownership to many for whom it would otherwise not be possible.

Benefits of Low and Zero Money Down Loans

Naturally, the most obvious reason to apply for a low or zero money down home loan is to avoid having to put a hefty amount of cash down at closing. But there are other benefits as well.

  • No PMI. Under these special government home loans, you won't have to spend extra money on private mortgage insurance. You will most likley need to pay some sort of mortgage insurance, but it will be through the government's program rather than a private insurer, so it will likely cost less.
  • Terms may be assumable. When you sell your home, you may be able to transfer your mortgage and its rate/terms to the new owner. This can be a great selling point and will help your listing stand out among the crowd. (Please note that not all loans will qualify for this special advantage. Talk to an American Bank representative for details).

Get Pre-Qualified Today

If you are ready to take the first step towards home ownership, get pre-qualified for a mortgage loan through American Bank. As leading national mortgage bank, they have the systems in place to keep the process simple, and a reputation you can count on. There are three easy ways to get started:

  • Call 877-215-2290 to speak with a no/low money down mortgage expert.
  • Request low money down mortgage rates using the Rate Quote Form on this web page
  • Complete the Pre-Qualification Form online.


Man in house that is under construction. Low and zero down mortgage information.


VA Loans, which are made possible and insured by the Department of Veterans Affairs, are popular low money down mortgages offered by American Bank. In addition, these mortgages are often easier to qualify for than conventional loans, and should rates drop to where it would make sense to refinance, a streamlined refinance keeps the process simple and cost effective in many cases. Call a mortgage banker at 877-215-2290 for more information.

Woman paitning her windows.


The Federal Housing Administration insures FHA loans which require as little as 3.5% for a down payment (subject to change, call for details). Also, FHA loans allow the seller to contribute up to 6% of the purchase price towards closing costs. This helps keep your upfront costs low when purchasing a home.

Loan terms subject to change. Ask your mortgage banker for current details about the programs you are considering.


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