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.
"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.
This article originally published at https://dc.urbanturf.com/articles/blog/zillow_rolls_out_1_down_payment_program/21398.
Most Popular... This Week • Last 30 Days • Ever
Here are some precautions to take before buying real estate with a buddy.... read »
The largest development on the boards for the H Street Corridor will go before DC's B... read »
The plans for 7749 Old Georgetown Road will go before the Montgomery County Developme... read »
Today, we highlight the five DC neighborhoods that have been the most affordable to h... read »
The red wall near the corner of 30th and M Street NW hit the market back in July for ... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
Madison Highland Live/Work Lofts has plans in the works to convert the 12-story offic... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro