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Introducing Home Advantage, a Nationwide Zero Down FHA Mortgage

Thursday, April 1, 2021

Introducing Home Advantage, a Nationwide Zero Down FHA Mortgage1

Prosperity Home Mortgage, LLC (Prosperity), has recently launched a new down payment assistance (DPA) program known as Home Advantage. Home Advantage offers eligible home buyers a financing option that requires no money down, and the program is now available in markets across the country!

In a housing market with tight inventory, Home Advantage may create an opportunity for not only first-time buyers, but also sellers who are planning to purchase their next home, as well.

“As a mortgage company, we’re committed to offering new loan programs designed to serve a wider range of home buyers,” said Tim Wilson, president and CEO of Prosperity. “We understand that the combination of a down payment and closing costs can be a big financial obstacle to many would-be home buyers. These programs are designed to help diminish or eliminate that obstacle, so our clients can focus on other matters related to buying a home, such as planning their move.”

Used in combination with a FHA first mortgage, Home Advantage offers down payment assistance as a second mortgage up to 5 percent of a home’s purchase price, which helps buyers cover the down payment and closing costs to purchase a home.

Home Advantage features:

  • Zero down payment required2
  • No first-time home buyer requirement
  • No income restrictions
  • No geographic restrictions
  • DPA second mortgage is fully forgiven after five (5) years3
  • DPA has a zero percent interest rate and no monthly payments
  • DPA is available with the purchase of a primary residence through FHA.

“We have built a reputation for providing the highest quality of service and support to our customers,” said Wilson. “We take pride in offering some of the most competitive loan products in the market, and we look forward to serving even more customers with Home Advantage."

Remember, we offer a wide variety of loan programs. A low-or-no-down payment option may not be the best option for all borrowers, so be sure to contact your mortgage consultant review potential loan scenarios and financing options to determine the home loan that is right for you.

Prosperity Home Mortgage, LLC, is not affiliated with any government agencies.
- Some and/or all qualifying criteria may be set by independent third party program sponsors. Contact your mortgage consultant for program eligibility and details.
- Low down payment options may not be the best option for all borrowers. Consult your mortgage consultant to review potential loan scenarios and financing options to determine the home loan that is right for you. Not all borrowers will qualify.
- Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed and all products may not be available in all borrower’s geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
1. Home Advantage is not available in Alaska, Hawaii, and New York.
2. Standard & customary closing costs still apply.
3. The second mortgage is forgiven at 20% per year for 5 years as long as property remains a primary residence.


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