Only two major federal programs consistently offer financing for qualified individuals:
: 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 buying a house without a downpayment
Buying a house without a down payment | Multi-Prêts Mortgages Only two major federal programs consistently offer financing
: Approximately 97% of U.S. land mass is eligible, including many suburban towns outside major metros. active-duty service members
: Must obtain a Certificate of Eligibility (COE) .
: Exclusive to veterans, active-duty service members, and eligible surviving spouses.
