How to Buy a Home With No Money Down (You Really Can!)

Drumming up money for a down paymentbroken-piggy-bank-628x354 on a home can feel like a lost cause: After you’ve shelled out money for rent, gas, groceries, and other expenses, you might have little or nothing left over. Which may have you fantasizing: Is there some secret out there, somewhere, that could show you how to buy a home with no money down?

Believe it or not, it’s not just a pipe dream.

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The Lowdown on Down Payments: Everything a Home Buyer Needs to Know

Ask most people what’s the home-buying-the-low-down-on-no-down-payment-mortgagesbiggest obstacle to buying a home, and hands down they’ll say it’s scraping together enough money for a down payment. But understand a key point: This is not a separate and distinct issue from landing a mortgage. Lenders, after all, like to see clients lay down a sizable chunk of change before they fork over a mortgage, because this shows you have skin in the game and lowers the odds that you’ll default on your loan. So how large a down payment do you really need?

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