Is it possible to buy a house with no money down?
Yes, it is possible to buy a house with no money down, but it’s not super common and usually requires meeting specific qualifications. Here are some of the main options:
1. VA Loans (for Veterans, Active Duty, etc.)
-
Offered by the Department of Veterans Affairs.
-
No down payment required.
-
No private mortgage insurance (PMI).
-
You need to meet service requirements.
2. USDA Loans (for Rural & Some Suburban Areas)
-
Backed by the U.S. Department of Agriculture.
-
No down payment required.
-
Home must be in an eligible rural area.
-
Income limits apply (based on area median).
3. Down Payment Assistance (DPA) Programs
-
State or local programs can offer grants or forgivable loans.
-
Can cover some or all of your down payment and/or closing costs.
-
Often aimed at first-time or low-to-moderate-income buyers.
4. Seller Financing
-
Instead of getting a mortgage from a bank, the seller acts as the lender.
-
May not require a traditional down payment, depending on the agreement.
-
Riskier and less common, but possible.
5. Lease-to-Own (Rent-to-Own)
-
You rent a home with the option to buy it later.
-
A portion of your rent may go toward the future down payment.
-
Usually requires some upfront payment, but not a traditional down payment.
Should You Buy a Condo, Townhouse, or Single-Family Home in Massachusetts? When searching for a home in Massachusetts, choosing the right location and price range is only part of the decision. You also need to decide what type of property best fits your lifestyle, budget, Read more
How Much Money Do You Really Need to Buy a Home in Massachusetts? Buying a home is one of the biggest financial decisions most people will ever make. If you're planning to buy a home in Massachusetts in 2026, one of your first questions is Read more
Is Fall 2026 a Good Time to Buy a Home in Massachusetts? Fall can be an excellent time to buy a home in Massachusetts. While spring and summer traditionally attract more buyers, the autumn market often creates opportunities for people who are prepared to move Read more
Home Staging Tips That Help Sell Faster When you're preparing to sell your home, first impressions matter. Buyers often decide how they feel about a property within the first few minutes of a showing—and sometimes before they ever walk through the door. That's where home Read more