Buying A House Without A Downpayment May 2026

: 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

: Total household income generally cannot exceed 115% of the area median ($119,850 for a family of 1–4 in most areas). buying a house without a downpayment

Even with a 0% down payment, you must plan for , which typically range from 2% to 5% of the purchase price. : Most programs allow family members to "gift"