Can you buy a house with no money down?

Realistically, most first-time home buyers will need to put down at least a 3% - 3.5% down payment. That’s the minimum for a conventional or FHA loan, which are the most common mortgage types.

While zero-down payment home loans exist, they’re intended for select groups like veterans, rural home buyers, and those who earn a moderate or low income. Most buyers are more likely to qualify for a low-down-payment mortgage rather than a zero-down loan.

The good news is, M&M Mortgage offers a ZERO-down payment option for certain borrowers, with a 100% forgivable grant. Please reach out for details!

Keep in mind that, as a buyer, you will have to pay closing costs, too — and those might cost more than your down payment (typically 2-3% of purchase price). But there are several ways you can get all or at least part of your fees covered and avoid paying up front. Talk to me about options to reduce your out-of-pocket fees.