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How to Achieve Home Ownership With Virtually $0 Out of Pocket

How to Achieve Home Ownership With Virtually $0 Out of Pocket

Stack gifts, grants, DPA, and seller credits to cover down payment and closing costs.

As of August 2025

Quick breakdown of the programs, a reference limits table, and a calculator to see if you can fully cover cash to close.

Look for gift-friendly options and combine with DPA + seller credits to reach $0.

Understanding the Programs

HomeReady® (Fannie Mae)
  • 3% down for 1-unit primary homes.
  • No minimum borrower contribution; 100% of funds can be gifts/DPA/grants/Community Seconds®.
  • Income limit: ~80% AMI.
Home Possible® (Freddie Mac)
  • 3% down for 1-unit primary homes.
  • Gifts, DPA, grants, Affordable Seconds®, sweat equity allowed.
  • Seller credits permitted (limits vary).
Hometown Heroes (Florida)
  • Up to 5% of first mortgage (min $10k / max $35k) as a 0% deferred second.
  • Eligibility: full-time FL employee in eligible occupation; first-time buyer (vets exempt); 640+ credit; county AMI caps.
  • Works with FHA, VA, USDA, and conventional (HomeReady/Home Possible).

Program Limits (Reference)

ProgramMinimum LoanMax Loan (Most)Max Loan (High-Cost)Est. Max Purchase*
HomeReadyNone (lender-dependent)$806,500$1,209,750~$830,928 @ 3% / ~$1,247,165
Home PossibleNone (lender-dependent)$806,500$1,209,750~$830,928 @ 3% / ~$1,247,165
Hometown Heroes (FL)None (min assist $10k)$806,500$1,209,750~$700,000 for full $35k @5%
*Estimates vary by county, program, AMI, and loan type.

Zero Down Calculator

Estimate your out-of-pocket needs and how much assistance gets you to $0.

Calculate
Enter your numbers and click Calculate.

Pro tip: Shortfall? Explore additional DPA or negotiate seller credits.

Ready to get started? Connect with a lender & agent to check your eligibility for zero-down options.
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Contact Person: Carlyne Belot, Real Estate Sales Associate at Luxury Property Solutions, LLC.

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Disclaimer: Educational information based on guidelines as of August 2025. Programs and limits vary by county and lender. We are not a lender; this is not a loan pre-approval.