Buying a Home With Zero Down What-Buyers Should Know

There is a common belief that you must save a large down payment before you can buy a home. In reality, some buyers may qualify for programs that allow them to purchase with zero down. We were featured on News4JAX discussing this topic, and below we explain how zero down home buying works and what buyers should know before exploring these options.

Check out the full article here: https://www.news4jax.com/money/2025/07/03/yes-you-can-buy-a-home-with-0-down-a-jacksonville-mortgage-broker-is-working-to-spread-the-word-on-social-media/

The idea of buying a home with no down payment is getting attention because it can help more people enter the housing market. For many aspiring buyers, saving for a traditional down payment is one of the biggest barriers to homeownership. Programs that allow little or no money down may make buying a home feel more possible sooner rather than later.

There are a few well known paths that can lead to a zero down purchase. Some government backed loan programs, such as USDA loans or VA loans for eligible service members and veterans, allow buyers to finance 100 percent of the home purchase price. Other options may include lender or builder incentives that cover all or part of the down payment as part of the loan package.

It is important for buyers to understand that zero down does not mean no costs at all. Buyers may still be responsible for closing costs, prepaids, insurance, and taxes at closing. Lenders also look at factors such as credit score, income, debt to income ratio, and reserves when determining whether a buyer qualifies for a specific loan program.

Working with a knowledgeable mortgage professional and real estate agent can help buyers evaluate the full cost of buying, compare loan options that require no down payment, and make an informed choice. Being prepared with the right information can help buyers move forward with confidence when they are ready.