zero down mortgage reality check for faster decisions

After touring a modest condo, I ran the math in the parking lot; the zero down pitch looked sleek, but PMI, funding fees, and HOA nudged the payment past my rent. I'm not anti-home - just pro-proof. If the numbers win, I'm in.

How I decide in minutes

• Compare all-in payment (rate, PMI, HOA, taxes) to rent; verify break-even.
• Confirm eligibility: VA home loan, USDA loan, first-time buyer programs, or down payment assistance.
• Request a written Loan Estimate; stress-test +1% rate; check cash reserves.
• Price the same house with a no down payment mortgage versus 100% financing mortgage and a small-down option.

Bottom line

Zero down can work when seller credits cover closing costs and the home appraises cleanly. Otherwise, a lean low down payment plan may beat it on total cost. Keep the process efficient; demand data, decide once.