Can’t afford 20% down? No problem! Jamie Cavanaugh is here to tell you 3 ways to buy a home with little to no money down!


With the price of homes lately, saving up a 20% down payment and money to cover your closing costs might not be in the cards. But don’t be discouraged! Here are 3 LOW or NO down payment loan options available to buyers who qualify:

FHA loans have a 3.5% down payment requirement and in many cases you can negotiate a seller and/or a lender credit to cover your closing costs.

DPA, or down payment assistance programs are available in many areas of the US. These include federal, state, and nonprofit programs for first time buyers which offer grants to help with closing costs. 

VA loans are available to active members of the U.S. military, Veterans and their qualifying spouses. VA loans have NO DOWN PAYMENT requirement, no private mortgage insurance and allow the seller and/or lender to cover all of your closing costs. For those who qualify, it is possible to buy a home using VA financing and closing cost credits with absolutely no money out of your pocket.

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