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There are many upfront costs when it comes to buying a home, including the down payment. A down payment of 20% has been a long-held rule of thumb for conventional mortgages, but if you go with a VA loan or a USDA loan, you won’t be required to make a down payment at all.
VA loans are loans provided through the U.S. Department of Veterans Affairs and are meant for veterans and service members and their families. USDA loans are offered through the U.S. Department of Agriculture and are meant for those purchasing a home in a qualifying rural area. Both allow borrowers to make a down payment as low as 0%.
A low (or no) down payment can help bring you closer to homeownership even if you don’t have as much money saved up for the purchase as you’d like. Here are some of the best lenders that offer VA loans and USDA loans with zero down. Select evaluated lenders based on the types of loans offered, customer support and minimum down payment amount, among other factors (see our methodology below.)
Best lenders for VA and USDA loans
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