Can you buy a home without a down payment?

Answer

Yes. There are FHA, VA and USDA insured or direct mortgages that do not require a down payment or do require a down payment but at a lower amount.

Also, there are down payment assistance programs (usually for low-income buyers and first-time homebuyers) that don't have to be paid back or are paid back only when the buyer moves out or sells the home. A HUD approved Housing Counselor can help find down payment assistance programs that are right for you. Find your local Housing Counseling Agencies here: HUD approved Housing Counselors by State

More Homeownership FAQs from Low Income Households

  • How can homeownership benefit me?
  • How can homeownership benefit me?
  • How to buy a home with bad credit?
  • Are there HUD homeownership programs?
  • How does homeonwership affect your credit score?