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Alex had served in the military. Because of this service, Alex was eligible for a VA Loan , which allows veterans and active-duty members to buy a home with 0% down .
: They asked the sellers to pay their closing costs in exchange for a slightly higher offer price.
: Alex opted for a slightly higher interest rate, and in return, the lender paid his upfront fees. Summary of No-Down-Payment Options Requirement VA Loan Veterans & Military Service history + Certificate of Eligibility USDA Loan Rural/Suburban Buyers Household income below 115% of area median DPA Programs First-time Buyers Local/State grants that cover the down payment NACA Program Lower-income Buyers No down payment or closing costs; requires counseling
: Like Alex, she put $0 down , though she did have to pay a small annual guarantee fee.