Home > For 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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Important Notice
Nothing on this site or in the documents it contains should be construed as an offer or commitment of any kind. Programs and eligibility requirements can be changed or discontinued without notice.

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