Can I get a conventional loan with zero down?
Generally no. Conventional requires at least 3% down for primary residences. The closest to zero down on conventional is structuring with 100% gift funds (still requires 3% down minimum) or using DPA to fund the 3%. VA is the standard zero-down path for eligible veterans.
What this actually means.
Standard conventional has a 3% down floor on primary residences (5% on most non-HomeReady/Home Possible programs). Some specialty 'no down payment' conventional programs exist at individual banks but are rare. For zero down, the typical paths are VA (eligible veterans only) or USDA (rural areas with income limits). Subject to program eligibility.
Where this can move.
Gift source, seller credit limits, DPA program rules, source-of-funds documentation, and program eligibility (HomeReady, Home Possible) can change the answer.
Ask the question. Get the straight answer.
Send the scenario and I'll tell you what I'm seeing. No application fee. No long form just to get a basic answer.
More conventional questions on Down Payment.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.