Some lenders will pay your closing costs in exchange for a slightly higher interest rate. 4. The Psychological & Financial Cost
You can negotiate for the seller to pay your closing costs. For instance, you might offer $310,000 for a $300,000 house on the condition the seller pays $10,000 toward your fees. buying a house with no savings
If you don't qualify for VA or USDA, you can often reach "zero out of pocket" by stacking low-down-payment loans with grants: Some lenders will pay your closing costs in
While most buyers aim for the standard 20% down, two primary federal programs allow for 0% down as of April 2026: For instance, you might offer $310,000 for a
Conventional "first-time buyer" loans only require 3% down.
Exclusive to veterans, active-duty service members, and eligible surviving spouses. These loans require no down payment and typically lack private mortgage insurance (PMI), though they do carry a one-time "funding fee" (usually 2.15% for first use) that can often be rolled into the loan.