I'm not a lender, just speaking from experience on the deals I've brokered so far. 

Advantages: No monthly payments, so all your capital stays in the project.

That is why you tend to see builders offering such a big "Builders Credit" it’s because it's "Ghost Money" it really doesn’t matter or exist to an extent.A builder can go into an area build 20-30 homes for example, buy the first 2-3 homes paying top dollar so they can set the market sales.

So I’m guessing listing a million dollar home is practically the same as listing a $500k home it seems like.

How has it been so far for you @Brandon Spaulding?

You've already offered to reimburse them 25%, so the only difference we are talking about is a maximum of $300.

If this is seen as advertising or not allowed, sorry in advance, but I haven't seen a real life 0% down payment in quite a while, and Navy Federal is reputable, so thought those of you starting out would benefit from knowing there is actually one out there.

I'm very new in my research and education so I'm not exactly sure yet.

So how should one pursue this?

The property will be purchased in an LLC's name to get rehab financing, so the city will not allow the owner to act as his own general contractor.