The Truth About "No Money Down" Mortgages (Ep. 260)

Without the Bank Podcast · Mar 12, 2026 · 29m

Buying a home with little or no money down sounds like the perfect shortcut to homeownership.

But what most young buyers don't realize is that many "down payment assistance" programs are actually loans disguised as help — and they can create serious financial problems if you don't understand how they work.

Mary Jo shares recent conversations with young potential clients who were approved for mortgages despite having little to no savings. The reality? Many of these programs include second liens, PMI, and repayment rules that buyers often don't discover until it's too late.

Tarisa also shares…