There are two big loan programs that let you buy a house with no money down: the VA loan and the USDA loan.
To qualify for a zero-down VA mortgage, you need to be a veteran or service member. For a USDA loan, you need to buy a house in a qualified “rural” area, and meet local income caps.
For people who don’t qualify for these programs, it’s possible to buy a house with no money down by using gift funds or applying for down payment assistance.
The information contained on this website is for informational purposes only and is not an advertisement for products . The views and opinions expressed herein are those of the author and do not reflect the policy or position of Brokerage. Source: The Mortgage Reports