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For many first-time home buyers, the biggest hurdle to homeownership isn't the monthly payment, but saving up for the down payment. The good news? You may have more options than you realize. From low down payment loan programs that require as little as 3-3.5% down, to fully no down payment loans. Plus, with available down payment assistance programs that help cover upfront costs, there's likely a plan that fits your budget.
With so many choices, it's easy to feel overwhelmed. That's where American National Bank of Texas comes in. As a North Texas community bank that has been serving Dallas-Fort Worth for more than 150 years, ANBTX pairs you with a local mortgage specialist who'll walk you through every option, then guide you toward the one that's best for you. You find your perfect home—we'll help you find the perfect loan.
Learn more about low and no down payment home loan options from American National Bank of Texas below, or ask to talk to your local North Texas ANBTX mortgage specialist today.
Meet ANBTX Ignite 1001, exclusively from American National Bank of Texas. It's our very own home loan designed to light a path to homeownership for more North Texans. Created with community in mind, ANBTX Ignite 100 offers no down payment, loan amounts up to $575,000, and a forgivable grant of up to $3,500 to use toward closing costs2—or you can choose an even lower interest rate instead. There's no income cape, and alternative credit qualifications, so less-established credit history won't necessarily stand in your way. Whether you're a first-time or next-time home buyer purchasing in eligible Dallas-Fort Worth neighborhoods, this is affordable homeownership made personal. Ask an ANBTX mortgage specialist if your area qualifies. We'd love to help you put down roots and grow our community.
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Life doesn't always fit a standard mortgage, and Freddie Mac Home Possible understands that. With as little as 3% down, this conventional loan helps very-low- and low-income home buyers in North Texas by opening more doors to homeownership with flexible ways to qualify. A parent can co-sign as a non-occupant borrower, and income from a roommate or boarder may even count toward qualifying. Down payment and closing-cost funds can come from gifts, grants, and other sources, and the mortgage insurance is reduced and cancellable over time. Income limits apply, so talk with an ANBTX mortgage specialist about whether Freddie Mac Home Possible through American National Bank of Texas can help you buy a new home in Dallas-Fort Worth.
When a standard mortgage won't do, try a conventional loan that's as unique as you. And Fannie Mae HomeReady could be just what you're looking for. With as little as 3% down, it's designed to make homeownership more attainable for low-income home buyers across North Texas—and you don't have to be a first-time home buyer to qualify. Use gifts, grants, or other flexible sources to cover your down payment and closing costs, with no minimum required from your own pocket for a single-family home. You'll also benefit from reduced, cancellable mortgage insurance that can lower your payment over time. Income limits apply, so connect with an ANBTX mortgage specialist to see if Fannie Mae HomeReady through American National Bank of Texas fits your homebuying plans in Dallas-Fort Worth.
Earn a little too much for income-limited programs but still want a low down payment? The Fannie Mae Standard option may be the answer. This conventional loan lets qualified home buyers purchase with as little as 3% down and—unlike many affordable programs—comes with no income limits. It also allows you to lock in the stability of a fixed rate for up to 30 years. However, at least one borrower must be a first-time homebuyer (or someone who hasn't owned a home in the past three years). Fannie Mae Standard through American National Bank of Texas is a straightforward, flexible way way for North Texans to get into their first home without a large down payment. Ask an ANBTX mortgage specialist if Fannie Mae Stand fits your Dallas-Fort Worth lifestyle.
If a lower credit score or limited credit history has your worried about buying a home, an FHA loan could help you get your foot it the door. Backed by the Federal Housing Administration, FHA loans are known for more forgiving requirements—qualifying credit scores as low as 580, a down payment as small as 3.5%, and friendlier debt-to-income limits than many conventional loans. That makes them a popular choice for first-time home buyers in Dallas-Fort Worth and anyone rebuilding their credit. Ready to make your move? Talk to an ANBTX mortgage specialist about an putting down roots in North Texas with an FHA loan from American National Bank of Texas.
You served our country proudly. Now when you return home, make it a home of your own with a VA loan from American National Bank of Texas. Backed by the U.S. Department of Veteran Affairs, VA loans are one of the most valuable benefits available to eligible veterans, active-duty service members, and surviving spouses. Qualified North Texas home buyers can purchase with no down payment and no required private mortgage insurance (PMI)—often with competitive interest rates and minimal closing costs. There's no prepayment penalty, and it's a benefit you can use again and again throughout your life, so why not do it today? After all, you've earned it. Connect with an ANBTX mortgage specialist to discuss buying your Dallas-Fort Worth home with a VA loan.
Dreaming of a home and the county lifestyle? A USDA loan from American National Bank of Texas could help you enjoy the slower pace of small-town living with no down payment. Backed by the U.S. Department of Agriculture, USDA loans offer 100% financing for home buyers purchasing in eligible rural and small-town areas—many of them right here in North Texas just beyond the outer edges of Dallas-Fort Worth. With a 30-year fixed interest rate and competitive financing terms, USDA loans make owning a home with wide open spaces more attainable for low- and moderate-income households. Income and property-location limits apply, so reach out to an ANBTX mortgage specialist to find out whether your dream home qualifies.
Need a hand up with your home down payment? Through the Texas State Affordable Housing Corporation (TSAHC), American National Bank of Texas offers the Home Sweet Texas Home Loan Program—real down payment assistance for North Texas home buyers. Qualified borrowers can receive up to 5% of the loan amount toward a down payment and closing costs as a grant or a forgivable second lien. You may also be able to add a Mortgage Credit Certificate—an annual tax credit that puts money back in your pocket year after year. First-time and repeat buyers are welcome, and there's even extra support for Texas Heroes like teachers, first responders, and veterans. Ask an ANBTX mortgage specialist if the Home Sweet Texas Home Loan Program can help you establish yourself in Dallas-Fort Worth.
With so many low- and no-down payment options, the hardest part is knowing where to start. So you find your perfect home and we'll help you find the perfect loan. Start your online application or connect with an ANBTX mortgage specialist today.
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