I often get asked if borrowing for the downpayment is allowed. The answer is that in certain situations, yes, you may borrow for your down payment. The characteristics of a client's portfolio to support this option would include good credit with a related strong credit score and calculating the repayment of the down payment loan in the qualifying mortgage math ratio's. Please don't let not having a down payment slow you down from owning your own home. With interest rates so low, you may be surprised that in some cases your mortgage payment is less than rent!