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.
Plain-English explanation
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.
What can change the answer?
Gift source, seller credit limits, DPA program rules, source-of-funds documentation, and program eligibility (HomeReady, Home Possible) can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual 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.