Zero down payment loans are available to home buyers through either FHA, VA or USDA financing.  They are designed to offer home ownership opportunities to borrowers with good credit but who lack the ability or desire to make a down payment on a home.

This type of financing is popular among both first time home buyers and experienced home buyers.

While you are not required to make a down payment, you must have 3% in the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own.