Buying a house with no down payment can be challenging, but here are some options you can consider: VA Loans: If you’re a veteran, active-duty service member, or eligible surviving spouse, you may qualify for a VA loan, which allows you to purchase a home with no down payment.USDA Loans: The United States Department of Agriculture (USDA) offers a home loan program for low to moderate-income families in rural areas. These loans don’t require a down payment.FHA Loans: The Federal Housing Administration (FHA) offers loans with low down payment requirements. You may be able to qualify for an FHA loan with a down payment as low as 3.5% of the purchase price.Down Payment Assistance Programs: Some states and local governments offer down payment assistance programs to help low to moderate-income families purchase a home. These programs can provide grants or loans to cover the down payment and closing costs.Gift from a Family Member: A family member can gift you the funds for a down payment. However, you’ll need to document the gift and follow certain guidelines to ensure it’s allowed by your lender.
Born and raised in the Pacific Northwest, I eat, sleep, and breathe real estate. As your agent, I’m attuned to your needs, knowledgeable of market trends and conditions, and dedicated to helping you reach your real estate goals. Buying a home is one of the biggest decisions in life, and it’s my passion to help you find the right home and to be on your side through the entire process.