Buying a house without savings is a high-wire act of financial engineering—entirely possible, but requiring a shift from the traditional "save then buy" mindset to one focused on leveraging specific programs and understanding long-term trade-offs. 1. The "True" Zero-Down Pathways
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 buying a house with no savings
The biggest trap for buyers with no savings isn't the down payment; it's the , which typically run 2% to 5% of the purchase price. Even with a 0% down loan, you could still owe $10,000+ on a $300,000 home at the signing table. Buying a house without savings is a high-wire