What do you need? There are three things needed to qualify for a Zero Down Payment Program. 1. You need a fair credit history. You should have no recent history of bad debts, and be able to prove that you can make consistent and timely payments on any current liabilities. You will be required to disclose all of your current liabilities in order to determine how much more mortgage you can qualify for. Liabilities will include such things as car payments and credit card debts. If those are paid off, the better loan you can get. 2. You must have at least two years of stable employment. This is either proof of employment for the past three years or financial statements for the same time if you are self-employed. 3. You will also need to be able to demonstrate that you can afford the taxes, insurance, and utilities that come up front on your home purchase. This will vary depending on the amount of your home purchase. Under the terms of a zero down payment program, there will be several types of homes that you can get into. These properties include single-family homes, townhouses or condominiums. It is important to note that not all borrowers will qualify for the zero down payment programs.