Conventional "first-time buyer" loans only require 3% down.
If you don't qualify for VA or USDA, you can often reach "zero out of pocket" by stacking low-down-payment loans with grants: buying a house with no savings
Some banks, such as Bank of America , provide grants up to $17,500 that do not require repayment to cover both down payments and closing costs. 3. The "Hidden" Zero: Closing Costs Conventional "first-time buyer" loans only require 3% down