Best for low-down-payment conventional loans: ChaseWhy Chase mortgages stand out: Conventional loans can have low down payments too. Best for no-down-payment VA loans: PennymacWhy Pennymac mortgages stand out: Pennymac's low credit score requirement makes its VA loan offerings even more attractive. Mortgage lenders for low or no down payments FAQsWhich type of mortgage does not require a down payment? Our methodology: How we chose the best lenders for low and no down paymentsYahoo Finance reviews mortgage lenders based on five primary considerations: 1) Interest rates. Using 2024 Home Mortgage Disclosure Act data from almost 5,000 mortgage companies, we analyze mortgage lenders based on issued mortgage rates below or above the annual median of reporting lenders.