This involves taking over the seller's existing mortgage payments without formally assuming the loan.
In foreclosure situations, a seller might accept a "no money down" offer if you agree to a higher interest rate or a faster repayment schedule, as it allows them to walk away from a mounting debt. 3. Hard Money & Private Lenders buy foreclosures with no money down
The seller acts as the bank and lets you pay them in installments rather than requiring a lump sum from a lender. This involves taking over the seller's existing mortgage
You don't need to apply for a new loan or provide a down payment to a bank; you simply start making the monthly payments. 2. Seller Financing (Owner Will Carry) Hard Money & Private Lenders The seller acts
You agree to pay the remaining mortgage on behalf of the owner, who may be in "pre-foreclosure" and desperate to avoid a credit hit.
While not strictly "no money down," this scheme provides significant interest subsidies (up to ₹2.67 lakh) that can drastically reduce the upfront capital needed for eligible first-time buyers.
Finding a partner with capital who provides the down payment while you provide the expertise and labor (sweat equity). 4. Government & Special Loan Programs