hey prescott.
See what you qualify for
Nationwide programDeferred

BluePoint Mortgage Zero-Down Home Loan

BluePoint Mortgage Zero-Down Home Loan is a deferred second loan for homebuyers in Statewide, California.

Last verified
Check if this fits me

The program asks for

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (NAT260056). Wholesale-only product. Available nationwide via correspondent lenders. National-tier listing — same product line as the prior BluePoint listing (NT20250020) but expanded availability/listing.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is BluePoint Mortgage Zero-Down Home Loan?

BluePoint Mortgage Zero-Down Home Loan is a deferred second loan for homebuyers in Statewide, California. FHA 3.5% down + BluePoint 3.5% DPA second = 100% financing. Wholesale-only. National listing. FHA first mortgage paired with 3.5% second-loan DPA from BluePoint Mortgage Wholesale = 100% effective financing. Covers FHA's required 3.5% down payment. This is a nationwide program, so it is available beyond a single state or city. Funding comes from BluePoint Mortgage.

Do you have to pay it back?

BluePoint Mortgage Zero-Down Home Loan is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, refinance, or end of 30-year term. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

BluePoint Mortgage Zero-Down Home Loan is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (NAT260056). Wholesale-only product. Available nationwide via correspondent lenders. National-tier listing — same product line as the prior BluePoint listing (NT20250020) but expanded availability/listing.

What are the income limits?

BluePoint Mortgage Zero-Down Home Loan sets its income limit as follows: Per FHA underwriting guidelines. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

BluePoint Mortgage Zero-Down Home Loan can be used for Single-family, Condo (FHA-approved), Townhouse, Manufactured (real property). Manufactured homes are eligible.

Where does it apply?

BluePoint Mortgage Zero-Down Home Loan is a nationwide program, so it is not limited to one state.

How do you apply?

Applications for BluePoint Mortgage Zero-Down Home Loan go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

More nationwide programs

Whether two programs can be combined is up to each agency. Ask before you apply.

All 62 nationwide programs

Program terms are set by the administering agency and can change; confirm on the official site before you apply.