FHA Down Payment Guidelines
FHA loans do not have a zero down payment mortgage but the down payment
can be as little as 3.5%.
Here is the exciting part, ... those funds (3.5%) can be a Gift and come from a family member, charity,
or your employer.
The person providing the gift will have to provide a gift letter and their
funds will have to be sourced. The provider will have to show where the
money came from by supplying copies of withdrawal slips and bank statements.
If you are looking for zero down payment or a low down payment loan you don't
have many options. VA Loans don't require a down payment but of course not
everyone can qualify for a VA Loan.
USDA Rural Development does offer two programs that do not require a down
payment. The Government offers a "Guaranteed Loan" and a
"Direct Loan". The Guarantee Loan is actually originated by
outside lenders and the Direct Program is obtained through a USDA Single Family
You can learn more about these government loans here: USDA
Rural Development loan