In the ever-evolving landscape of real estate, the issue of down payments has remained a pivotal topic, particularly in the aftermath of the pandemic. Since 2021, both first-time and repeat homebuyers have consistently put down a median of about 15% on their new homes. This figure is notably higher than the pre-Covid era, where down payments hovered closer to 10%.

However, there is a silver lining for potential buyers who may not have the hefty sum required for a traditional down payment. A variety of options are available for borrowers with minimal or even no down payment requirements. These include down payment assistance programs and government-backed loans such as FHA and VA loans.

CNBC Select has identified the top mortgage lenders for 2025, focusing on those offering low and no down payment options. This comprehensive analysis, based on a detailed methodology, highlights the best choices across various categories.

Best Mortgage Lenders for Low and No Down Payments

• Best Online Lender: Rocket Mortgage
• Best for No Down Payment: Guild Mortgage
• Best for FHA Loans: Pennymac
• Best for Down Payment Assistance: Flagstar Bank
• Best for VA Loans: Navy Federal Credit Union
• Best for USDA Loans: PNC Bank

This trend towards higher down payments has prompted a demand for more accessible mortgage options. The National Association of Realtors has reported a significant rise in average down payments for first-time buyers, reaching 9% in 2024, the highest since 1997.

For those eager to embark on homeownership, the key lies in exploring these alternative lending options, which can significantly ease the financial burden. As always, prospective buyers should consult with financial advisors to determine the best path forward.

For a deeper dive into the best mortgage lenders and detailed information on down payment strategies, visit the original article on CNBC.