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How to Buy a House With No Down Payment

Quick answer

You can buy a house with no down payment using a VA loan (for eligible veterans and service members), a USDA loan (for moderate-income buyers in eligible rural and suburban areas), or a low-down-payment loan paired with down payment assistance that covers the 3%–3.5% minimum. You'll still usually need some cash for closing costs and earnest money.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Zero-down mortgage options

OptionWho qualifiesKey cost
VA loanEligible military & veteransFunding fee (often financed)
USDA loanModerate income, eligible area1% upfront + 0.35%/yr
FHA/Conventional + DPAVaries by programSecond loan or grant terms

Pros and cons of zero down

  • Pro: buy sooner and keep savings.
  • Con: higher loan balance and monthly payment.
  • Con: less equity if prices dip.
  • Con: possible mortgage insurance or fees.

Frequently asked questions

Yes, within limits: generally up to 3%–9% on conventional loans, 6% on FHA and 4% in concessions on VA loans (plus normal closing costs).

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.