: "Free money" that doesn't need to be repaid (e.g., Bank of America's Home Grant offers up to $7,500). want to buy a house with no money down
: While the down payment may be zero, you still need to plan for "earnest money" deposits, inspections, and appraisal fees.
: State and local agencies offer grants or forgivable loans to cover the 3%–3.5% required by FHA or conventional loans. : "Free money" that doesn't need to be repaid (e
If you don't meet the criteria for the loans above, you can stack these strategies to reach a $0 out-of-pocket goal.
💡 Strategies to Reach "Zero Down" (When You Don't Qualify for VA/USDA) If you don't meet the criteria for the
: A one-time fee (typically 2.15% for first-time use) is required but can be rolled into the loan.
: Reserved for military service members, veterans, and eligible surviving spouses. No Down Payment : Finance up to 100% of the home's value.