How to Buy a Home with No Money Down and No Closing Costs: A Step-by-Step Guide for First-Time Homebuyers

No Money Down. No Closing Costs. No Catch.

You’ve probably heard that buying a home requires a hefty down payment, a stack of closing costs, and a strong credit score. But what if we told you there are legitimate ways to buy a home with no money down and no closing costs? And that’s not all — these programs are designed to help first-time homebuyers like YOU get into a home without financial stress.

In this guide, we’ll walk you through 5 proven programs that make homeownership possible, even if you don’t have thousands of dollars saved up for the down payment and closing costs. Let’s bust some myths and open the door to affordable homeownership — because you don’t need to be a millionaire to own a home.

1. The VA Loan: Your Military Advantage (Zero Down, Zero Closing Costs)

Who’s eligible: Veterans, active-duty military, and eligible surviving spouses.

What’s amazing: The VA Loan is one of the best-kept secrets in home buying. If you’ve served in the military, this loan allows you to purchase a home with no down payment, no private mortgage insurance (PMI), and in some cases, no closing costs.