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New Homebuyers > Zero Interest Program (ZIP)
Zero Interest Program (ZIP)
ZIP is a non-amortizing loan with no current interest. A ZIP loan may have a forgivable feature. This program can only be used in combination with the maximum amount of a Mortgage Assistance Program (MAP) loan and the maximum amount of a Deferred Interest Program (DIP) loan to purchase a qualifying residence. If you are an Eligible Person who is relocating to the local area, you may apply for a ZIP loan for the purchase of a home. Certain restrictions apply to those who have owned a home in the local area.
For more information, download the ZIP document.
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as an offer or commitment of any kind. Programs and eligibility requirements
can be changed or discontinued without notice.