How to Buy a home with Zero or No Down payment in atlanta, lilburn, snellville, lawrenceville, grayson, norcross ga

How to Buy a Home with Zero or Low Down Payment?

If you are looking to buy a home but you either don’t have enough saved for down payment or you don’t want to use you cash as a downpayment, this blog post will give you some options to consider.

There are lots of mortgages in which the buyer does not have come up with a huge down payment.

In this blog post I’ll just scratch the surface and introduce you to the top four.

The VA Loan

The VA loans are guaranteed by Veteran Affairs aka the Veterans Administration.

These loans are designed for veterans who qualify for VA home loans.

No money down are required.

They actually originate through private lenders and guaranteed by the VA.


This is  100 percent home financing through the Navy Federal Credit Union, to all of its qualified members.

The home they are purchasing must be used as their primary residence.

The eligibility is restricted to members of the military, civilian employees of the U.S. Department of Defense, and direct family members of the military.


Despite the name of the program, the property doesn’t need to be a rural farmland.

You need to check if the county where the property you are buying participate/eligible  in the program.

The Department of Agriculture has what is known as the Rural Development mortgage guarantee program.

This program is so popular that it has consistently run out of money before the end of the fiscal year.

This means that the timing of the home-buyer's application is vital.

Many mortgage consultants list this program as their favorite to recommend to many of their clients.

The FHA Loan

The Federal Housing Administration offers a low down payment option to the general public.

With a minimum down payment of 3.5 percent, a home buyer can receive a guaranteed loan.

This program became very popular lately due to the fact that many other low down payment options were eliminated when the housing bubble burst.

THERE ARE LOTS OF OTHER CREATIVE WAYS nowadays  TO GET FINANCING but they are out of the scope of this blog post.

The problem is that many of these options are not known by the average home buyer.

Working with the right mortgage officer will help you with finding an ideal lending product crafted to your particular situation.

Not sure where to begin?

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March 16, 2019

Violeta is a Licensed Real Estate Broker in the States of Georgia and Florida, and the Founder of The House Squad Real Estate SHOP. She has been actively selling real estate for over 15+ years and speaks 3 languages beside English. Her goal is to educate the public of their options, and how they can add more to their bottom line when buying, selling or investing in real estate.