What is the Best Home Loan Program with the Smallest Down Payment? | Mortgage FAQs

Home loans are confusing. That’s why you have us. Michigan home loan programs with 0% down include USDA Loans (also known as RD, or Rural Development loans) and VA Loans (reserved for veterans).

For 3% down on home loans in Michigan, you’ll want to choose a Conventional Loan! For 3.5% down, you’ll want to choose an FHA loan. The down payment is only one of the variables when buying a home in Michigan! A loan officer can walk you through your options, and help you determine the best option for you.