Getting over the down payment hurdle can be tough. For first time home buyers, it may feel impossible. However, getting a loan on a home may not be as difficult as you think. With these no or low down payment options, buying a new home is within your reach. 

VA Loans

– No down payment is required for this guaranteed loan offer to all qualified veterans, active-duty military, and certain members of the National Guard.

Although private lenders originate the VA loans, it is the VA  which guarantees the loans. Unlike other no or low payment loans, VA loans require no mortgage insurance. And, although the borrower pays a funding fee for the origination, the fee can be rolled into the total amount of the loan.


  • The USDA loan program is a nod down payment loan program that is wildly popular with home buyers. In fact, it has been known to run out of funds for consumers before the end of the fiscal year.

FHA Loan

  • This low down payment loan was designed just for first-time homebuyers. The federally back loan is available with a minimum down payment of only 3.5% and is available to those with imperfect credit histories.

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