: Alex found a suburban house and used his Certificate of Eligibility (COE) to secure 100% financing.
Alex had served in the military. Because of this service, Alex was eligible for a VA Loan , which allows veterans and active-duty members to buy a home with 0% down .
: Jordan used the USDA's eligibility map to find a home in a qualifying small town. how can i buy a home with no down payment
Jordan hadn't served in the military, but she loved the quiet of the countryside. She discovered the USDA Loan program, which supports low-to-moderate-income buyers in "eligible rural areas".
: Alex opted for a slightly higher interest rate, and in return, the lender paid his upfront fees. Summary of No-Down-Payment Options Requirement VA Loan Veterans & Military Service history + Certificate of Eligibility USDA Loan Rural/Suburban Buyers Household income below 115% of area median DPA Programs First-time Buyers Local/State grants that cover the down payment NACA Program Lower-income Buyers No down payment or closing costs; requires counseling : Alex found a suburban house and used
AI responses may include mistakes. For financial advice, consult a professional. Learn more
Once upon a time, two friends, Alex and Jordan, dreamed of owning homes but had zero savings for a down payment. They took two very different paths to reach their goal. : Jordan used the USDA's eligibility map to
By the end of the year, both Alex and Jordan were hosting housewarming parties in living rooms they owned, without having spent years saving for a 20% down payment.