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Zillow Rolls Out 1% Down Payment Program
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Zillow's home loan division unveiled a 1% down payment option for homebuyers last week.
With the program, buyers who qualify will put 1% down towards the purchase of a home and Zillow Home Loans will contribute an additional 2% at closing.
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"The 1% Down Payment program can reduce the time eligible home buyers need to save and open homeownership to those who are otherwise ready to take on a mortgage," Zillow said in a statement.
For now, the 1% program is only offered in Arizona, but Zillow plans to expand to other states in the coming months. For more details, click here.
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This article originally published at https://dc.urbanturf.com/articles/blog/zillow_rolls_out_1_down_payment_program/21398.
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