Skip to main content What Is a Micromortgage? The Loan That Can Help You Buy a Home With Zero Down Payment What Is a Micromortgage? The Loan That Can Help You Buy a Home With Zero Down Payment A new micromortgage pilot program is creating a path to homeownership that eliminates many of the obstacles that first-time buyers face. Lauren Sieben, provided by FacebookTwitterEmail For many hopeful first-time home buyers, the barriers to purchasing a house are high. If you're a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs, and other expenses. If you have only limited credit, you may not qualify for a mortgage at all.