Zero Down Around Town: 4 Ways to Buy a Houston Home With Little or Nothing Down

Rent keeps going up, and a lot of families in Deer Park, La Porte, Pasadena and Baytown tell me the same thing: “I could afford the payment, I just don’t have the down payment.” Here are four ways my buyers get into homes with little or nothing down.

1. VA Loans

Eligible veterans and service members can buy with zero down and no PMI. Texas veterans can also look at the Texas VLB program for a lower rate. See the VA guide.

2. USDA Loans

USDA loans offer zero down for eligible buyers in qualifying rural and suburban areas. More of the outer Houston area qualifies than people think. Learn about USDA.

3. FHA or Conventional Plus Down Payment Assistance

Pair a 3.5% down FHA loan or a low-down conventional loan with a Texas or local grant program, and the down payment can be covered. See the programs.

4. Seller Help With Closing Costs

Sellers can often pay part of your closing costs. In some markets, asking for seller help or a 2/1 buydown is a better deal than asking for a price cut.

Realtors: we teach this in our Zero Down Around Town training. Check our Events page for the next class.

Let’s Run Your Numbers

Call or text me at 281-978-2106 or get started on your pre-approval. I will show you every option side by side so you can choose with confidence.

Clifton Saunders, The Mortgage Mentor

Clifton Saunders, NMLS #230688 | New American Funding, NMLS #6606 | Equal Housing Opportunity. Subject to credit approval; not all applicants will qualify. Programs and guidelines change; call or text 281-978-2106 for current details. This article is general information, not tax or legal advice.