House Without A Downpayment — Buying A

: State and local agencies offer grants or deferred-payment loans specifically to cover upfront costs. For example, the Illinois Housing Development Authority has programs providing up to $10,000 in assistance. Lender-Specific Programs :

If you do not qualify for the above, you can often reach a 0% effective down payment by stacking low-down-payment loans with assistance: buying a house without a downpayment

: Most programs allow family members to "gift" you the money needed for closing costs, provided you have a formal gift letter stating it doesn't need to be repaid. Program Type Min. Down Payment Typical Min. Credit Score Income/Location Limits VA Loan 580–620+ None (Service-based) USDA Loan 640 (Streamlined) Yes (Location & Income) FHA Loan 580 (for 3.5% down) Conventional Some programs only : State and local agencies offer grants or

: A one-time VA funding fee applies (ranging from 1.4% to 3.6%), which can be rolled into the loan amount. Program Type Min