0% down payment program doesn't have minimum credit score requirements, so you may qualify with bad credit. However, the program does review your payment history. To qualify, you must make on-time debt payments (including rent) for at least 12 consecutive months prior to qualifying.
All mortgages are 100% LTV (loan-to-value). The lack of a down payment does not increase the interest rate or any other costs.

The program is unique from other mortgage programs because borrowers can buy a home with:

• Low credit scores
• No down payment
• No closing costs
• No private mortgage insurance (PMI)

Borrowers also receive below-market mortgage rates, which can help lower their monthly mortgage payments and make homeownership more affordable.