How to buy a home with no down payment

Source: Anna Bahney, CNN Business

As home prices continue to rise, affording a down payment has become a bigger hurdle for prospective home buyers. But there are a few options that can help: government-backed loans that allow borrowers to buy a home with little or even no money down.

For example, you don't have to be a farmer to get a USDA loan. A fee that may push some veterans away from a VA loan is waived for disabled veterans. And while many people with lackluster credit may think they can't get a mortgage, borrowers with credit scores as low as 500 are eligible for FHA loans.

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