Buying A House Without A Downpayment May 2026

: Total household income generally cannot exceed 115% of the area median ($119,850 for a family of 1–4 in most areas).

: No private mortgage insurance (PMI) and competitive interest rates. buying a house without a downpayment

: Approximately 97% of U.S. land mass is eligible, including many suburban towns outside major metros. : Total household income generally cannot exceed 115%

: A one-time VA funding fee applies (ranging from 1.4% to 3.6%), which can be rolled into the loan amount. land mass is eligible, including many suburban towns

: Offers specialized zero-down options like the "Military Choice" and "Homebuyers Choice" mortgages for members.

: Most programs allow family members to "gift" you the money needed for closing costs, provided you have a formal gift letter stating it doesn't need to be repaid. Program Type Min. Down Payment Typical Min. Credit Score Income/Location Limits VA Loan 580–620+ None (Service-based) USDA Loan 640 (Streamlined) Yes (Location & Income) FHA Loan 580 (for 3.5% down) Conventional Some programs only