The $0-down-payment mortgage that isn’t too good to be true

Home affordability is at a record low with average U.S. house prices at $514,600. VA loans offer eligible service members and veterans $0 down payment mortgages without private mortgage insurance (PMI), though a VA funding fee applies. USDA loans provide $0 down payment options for low- to moderate-income buyers in rural or suburban areas, with income and location restrictions. Both require meeting credit, income, and property eligibility criteria.