: Reserved for military service members, veterans, and eligible surviving spouses. No Down Payment : Finance up to 100% of the home's value.
: In exchange for a slightly higher interest rate, some lenders will pay for your closing costs. ⚠️ Important Trade-offs to Consider want to buy a house with no money down
If you don't meet the criteria for the loans above, you can stack these strategies to reach a $0 out-of-pocket goal. : Reserved for military service members, veterans, and
: State and local agencies offer grants or forgivable loans to cover the 3%–3.5% required by FHA or conventional loans. ⚠️ Important Trade-offs to Consider If you don't
: Financing 100% of the home means a larger loan balance and higher monthly interest costs.
: A one-time fee (typically 2.15% for first-time use) is required but can be rolled into the loan.
Two main federal programs allow you to finance , meaning no cash down payment is required.