Home Loan Financing Options No Down Mortgages Zero Down Mortgage – Can I Buy a House with No Money Down. – If coming up with a down payment is a struggle, an alternative to buying a house with no money down is an FHA loan. The FHA does not offer a no-money down loan. However, they do allow for loans with a down payment as low as 3.5% of the home’s purchase price.Fha Vs Usda Loans What Is the Difference Between a USDA Loan & a FHA Loan. – USDA and FHA home loan programs allow first time home buyers to. According to the USDA, its repair or renovation home loans must be.