Bankrate's Down Payment Survey found that percent of people think they can't save enough for a home But there's good news Many mortgage options don't need a down payment This makes buying a home easier for those who thought it was out of reach VA loans USDA loans and low-down payment programs are some of these options This article will dive into these no-down payment mortgages We'll cover what you need to know Key Takeaways No-down payment mortgages such as VA loans and USDA loans allow you to buy a home without putting any money down upfront Low-down payment programs including conventional loans with down and FHA loans provide affordable options for homebuyers with limited savings Down payment assistance programs and gift funds can help cover the initial costs of homebuying even for those without significant savings The benefits of no-down payment mortgages include increased affordability and accessibility but they may also come with higher upfront fees or stricter eligibility requirements Understanding the pros and cons of zero-down mortgages is crucial in determining the best financing option for your homebuying goals What is a No-Down Payment Mortgage A no-down payment mortgage lets you buy a home without any upfront cash This is great for first-time buyers or those with little savings It means you can own a home without the usual down payment Definition and Overview of Zero-Down Mortgages No-down payment mortgages don't ask for any cash from you at closing The lender pays the full price of the home... Login to read full