100% financing programs in Texas.
Mortgages that finance the entire purchase price (100% LTV) — VA for veterans, USDA in eligible areas, physician programs, and DPA-stacked structures.
100% LTV is the same idea as zero down — framed differently.
100% financing means the lender funds 100% of the purchase price (or appraised value, whichever is lower). Loan-to-value (LTV) ratio = 100%. There is no down payment requirement. Several specific Texas programs offer this structure, each with different eligibility rules.
The phrase "100% financing" is essentially marketing language for "zero down." Borrowers searching for "100% LTV" and borrowers searching for "zero down" are looking for the same thing — we cover both terms because both are common.
For a conceptual overview of zero-down structures, see our zero-down mortgage programs page . The two pages cover overlapping territory from different angles.
Four Texas paths to 100% financing.
Each program has specific eligibility rules. We screen all four against your file before recommending one.
VA Loan
100% LTV for veterans, active-duty service members, and qualifying spouses. No PMI. One-time funding fee (waived for service-connected disabilities).
Learn moreUSDA Loan
100% LTV in USDA-eligible areas. Annual fee structure (lower than FHA MIP). Property and household income must qualify.
Learn moreMedical Professional
Up to 100% LTV for MDs, DOs, DDS, DMD with no PMI. IBR-friendly underwriting that accommodates resident and fellow income.
Learn moreDPA-Stacked Conventional / FHA
Conventional 3% Down or FHA 3.5% Down stacked with TSAHC / TDHCA DPA can effectively cover the down payment, producing functional 100% financing.
Learn more
100% LTV is a real option — and a real risk profile.
When you start with 0% equity, your equity cushion is zero. If home values fall in the first few years, you can be underwater (owing more than the home is worth) very quickly. Selling becomes hard; refinancing becomes hard. Insurance, taxes, and HOA dues continue regardless.
That does not mean 100% LTV is a bad choice. For veterans (VA), eligible-area buyers (USDA), and physicians (medical loans), the program economics are excellent and the historical default rates are competitive with conventional. But zero-equity entry is a meaningful borrower decision that we walk through carefully on every file.
We will not push you into 100% LTV when 5% down would meaningfully improve your file. We will recommend 100% when it is the right tool — and explain the carry, the equity-build trajectory, and what happens if values move against you.
Ready to see your 100% financing options?
Pre-approval in 24 hours. We screen VA, USDA, physician, and DPA-stacked structures against your file.