While most buyers aim for the standard 20% down, two primary federal programs allow for 0% down as of April 2026:
If you don't qualify for VA or USDA, you can often reach "zero out of pocket" by stacking low-down-payment loans with grants:
Many state and local Down Payment Assistance (DPA) programs offer grants (free money) or deferred-payment second mortgages that are forgiven if you stay in the home for a set period (often 5–10 years). buying a house with no savings
The biggest trap for buyers with no savings isn't the down payment; it's the , which typically run 2% to 5% of the purchase price. Even with a 0% down loan, you could still owe $10,000+ on a $300,000 home at the signing table.
Some lenders will pay your closing costs in exchange for a slightly higher interest rate. 4. The Psychological & Financial Cost While most buyers aim for the standard 20%
Designed for "rural" areas—which actually includes 97% of U.S. land mass , encompassing many suburban fringes. These are income-restricted (usually capped at 115% of the area median income) and offer 100% financing for "modest" dwellings. 2. Bridging the Gap: Assistance & Grants
Exclusive to veterans, active-duty service members, and eligible surviving spouses. These loans require no down payment and typically lack private mortgage insurance (PMI), though they do carry a one-time "funding fee" (usually 2.15% for first use) that can often be rolled into the loan. Some lenders will pay your closing costs in
You can negotiate for the seller to pay your closing costs. For instance, you might offer $310,000 for a $300,000 house on the condition the seller pays $10,000 toward your fees.