: No down payment and no monthly mortgage insurance (PMI).
: Reserved for military service members, veterans, and eligible surviving spouses .
: Includes a 1% upfront guarantee fee and a 0.35% annual fee. 2. Down Payment Assistance (DPA)
There are two primary federal mortgage programs that allow for a true $0 down payment:
: Must meet income limits (usually 115% of the area median) and the property must be in a USDA-approved zone.