80/20 No Down Payment Loan

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Finance your down payment and move in sooner

If you have the income to handle a house payment, but don’t have cash to put down, this program may be for you. We provide 100% financing, so you don’t have to save for a down payment. 

80/20 No Down Payment Loan 

100% financing

With our 80/20 loan 

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How it works

If approved, you will receive two loans:

  • The first loan 80% of the home’s value (30-year term) 
  • The second loan covers the remaining 20% (15-year term) 

 At closing, you’ll be responsible for standard closing costs and other applicable fees. Speak with a Horizon mortgage loan originator to determine if this option is right for you.  

Why members choose this option

This approach offers a few major benefits:

  • Avoid private mortgage insurance (PMI)
  • Competitive rates
  • Use your savings for other expenses

Is this loan option right for me?

Every home buyer’s situation is different. The best way to determine your ideal home loan option is to speak with a Horizon mortgage loan originator. Conversations are free and will help you get started on the right path.

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First-time homebuyer savings

We also offer a savings bundle with unique benefits for potential first-time homebuyers. Learn more about HomeStart Savings.

OAC. Membership fee and restrictions may apply. Single-unit, primary residence purchases only. Ineligible for manufactured homes. Borrower is responsible for closing costs and other fees not included in financing. 100% financing excludes closing costs and fees.