Discover the top three options for zero-down-payment home loans—VA loans, Navy Federal Credit Union, and USDA Rural Development loans. These programs help eligible borrowers finance their homes without a down payment, making homeownership more accessible. Each program has specific eligibility requirements, so consulting with a professional is advised. Whether you're a military member, veteran, or rural resident, these options can be excellent pathways to affordable homeownership. Learn more about how to qualify and leverage these innovative mortgage solutions.

Top Institutions Offering No-Down Payment Home Loans

Many prospective homeowners look for mortgage plans that require little or no upfront payment. Although fully zero down payment loans are rare, some lenders provide such options. Here are three leading institutions that offer home loans without requiring a down payment:

Department of Veterans Affairs
Active military members, veterans, National Guard, and Reserves can benefit from VA loans that typically don’t require a down payment. These loans also do not mandate private mortgage insurance. Borrowers pay funding fees, which are included in the loan amount, with rates of 2.15% for first-time veterans or active-duty personnel and 2.4% for other eligible reservists and guards members.

Navy Federal Credit Union
As the largest credit union by membership and assets, Navy Federal offers 100% financing options with no down payment for certain military-related personnel, including some civilian Department of Defense employees and their immediate family members. Their funding fee is 1.75%, generally lower than VA loan fees, making it a preferred choice for eligible borrowers.

USDA Rural Development Loans
The USDA provides prominent no-down-payment mortgage programs nationwide. While named for rural areas, these loans are also available to urban residents based on income and location. They are especially popular among first-time buyers, boosting their approval chances, but repeat buyers who qualify can also access these loans.

Although VA and Navy Federal loans have specific eligibility criteria, USDA loans offer broader eligibility options for those seeking zero-down home financing, making them a valuable alternative.

Important Note:

All information provided here is based on research, expert insights, and publicly available data. Lending rules and financial conditions may change over time. We recommend consulting a financial advisor before making any decisions. The content is for informational use only and should not substitute personalized financial advice.