home > mortgage loan glossary > Z

Mortgage Loan Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M
N | O | P | Q | R | S | T | U | VW | XY | Z

Zero down mortgage loan

A zero down mortgage loan is the type of mortgage loan you can get without making a down payment.

With most other types of mortgage loans - you gotta make a down payment. Like with the high ratio mortgage loan you have to make a down payment that's less than 25% of your real estate's value. And with the low ratio mortgage loan you have to make a down payment that's 25% or more of your real estate's value.

The zero down mortgage loan is the same type of mortgage loan as the 'no down payment mortgage loan' (cause you don't have to make a down payment to get it). And it's the same as '100% mortgage loan financing' as well - cause you're getting to borrow an amount of money that's 100% of your real estate's value (since you're not making a down payment).