How To Buy Your First Home With No Money Apr 2026

: A good faith deposit (usually 1% to 2% of the purchase price) submitted with your offer [2]. This is usually credited back to you at closing, but you need the cash upfront.

: Costs a few hundred dollars and is paid directly to the inspector at the time of service. Never skip this step.

: Backed by the U.S. Department of Agriculture [1, 2]. These target rural and suburban homebuyers who meet specific income limits [1, 2]. The property must be located in an eligible rural area [1]. how to buy your first home with no money

While a zero-down payment eliminates the upfront cost of the home's purchase price, you will still need to cover closing costs, moving expenses, and earn enough income to qualify for a mortgage [1]. 🏠 Zero-Down Mortgage Programs

: These typically range from 2% to 5% of the loan amount [2]. They cover lender fees, title insurance, and appraisals [2]. You can ask the seller to pay these (seller concessions) or roll them into some loan types [2]. : A good faith deposit (usually 1% to

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Are you interested in learning more about or state-specific assistance ? Never skip this step

: Guaranteed by the Department of Veterans Affairs [1, 2]. Available to active-duty service members, veterans, and eligible surviving spouses [2]. They require no down payment and no monthly mortgage insurance [1, 2].