Zero-Down-Payment mortgages were over – but guess again. While Federal Banking Regulatory agencies (Dodd Frank) have “proposed” 20 percent minimum down payments they have yet to activate. To fill the breach Navy Federal Credit Union, the largest credit union in the country… with 4 million members, and NASA Federal Credit Union (just in Washington DC) are offering a zero-down option for qualified home purchasers with (sugar on top) NO mortgage insurance. And Navy Federal also allows (sprinkles on top) “seller concessions” – contributions by sellers of homes to defray buyers’ closing costs – as high as 6 percent of the home price. Delinquencies are well under 1% to date.