Buying a house without a down payment | Multi-Prêts Mortgages
Buying a house without a down payment in 2026 is primarily possible through specific government-backed programs or strategic financial combinations. While the traditional 20% down payment is often cited, the median for first-time buyers in 2025 was actually . True zero-down options exist but are restricted by military service or geographic location. True Zero-Down Payment Programs
: State and local agencies offer grants or deferred-payment loans specifically to cover upfront costs. For example, the Illinois Housing Development Authority has programs providing up to $10,000 in assistance. Lender-Specific Programs :
: Must obtain a Certificate of Eligibility (COE) .
: Approximately 97% of U.S. land mass is eligible, including many suburban towns outside major metros.
: FHA loans normally require 3.5% down for credit scores of 580+. However, lenders like Guild Mortgage offer programs that combine an FHA loan with a forgivable second mortgage to cover the 3.5% requirement.
Even with a 0% down payment, you must plan for , which typically range from 2% to 5% of the purchase price.
: Offers specialized zero-down options like the "Military Choice" and "Homebuyers Choice" mortgages for members.
Buying a house without a down payment | Multi-Prêts Mortgages
Buying a house without a down payment in 2026 is primarily possible through specific government-backed programs or strategic financial combinations. While the traditional 20% down payment is often cited, the median for first-time buyers in 2025 was actually . True zero-down options exist but are restricted by military service or geographic location. True Zero-Down Payment Programs
: State and local agencies offer grants or deferred-payment loans specifically to cover upfront costs. For example, the Illinois Housing Development Authority has programs providing up to $10,000 in assistance. Lender-Specific Programs : buying a house without a downpayment
: Must obtain a Certificate of Eligibility (COE) .
: Approximately 97% of U.S. land mass is eligible, including many suburban towns outside major metros. Buying a house without a down payment |
: FHA loans normally require 3.5% down for credit scores of 580+. However, lenders like Guild Mortgage offer programs that combine an FHA loan with a forgivable second mortgage to cover the 3.5% requirement.
Even with a 0% down payment, you must plan for , which typically range from 2% to 5% of the purchase price. True Zero-Down Payment Programs : State and local
: Offers specialized zero-down options like the "Military Choice" and "Homebuyers Choice" mortgages for members.