To purchase a home with no money, leverage government-backed programs, rent-to-own agreements, and down payment assistance. First-time homebuyer grants, such as those offered by the Federal Housing Administration (FHA), require minimal or no down payment. For example, FHA loans allow 3.5% down payment for eligible buyers. Rent-to-own agreements let tenants live in a property while building equity through monthly payments that partially cover the eventual purchase price. Down payment assistance programs, supported by organizations like the National Association of Homebuyers, can contribute up to $50,000 toward closing costs and down payments. Additionally, community land trusts offer affordable housing options with shared ownership models.

These strategies are effective due to structured financial support and equity-building mechanisms. The U.S. Department of Housing and Urban Development (HUD) reports that 45% of first-time buyers in 2022 utilized FHA loans, which require just 3.5% down payment. Down payment assistance programs, such as those in 48 states, have helped 1.2 million households achieve homeownership since 2019, according to the National Council of State Housing Finance Agencies. Rent-to-own agreements, analyzed by the National Association of Realtors, convert 15-20% of tenants into homeowners annually, with success rates rising to 30% in markets with median home prices below $300,000. These programs address affordability barriers by combining low或no upfront costs with long-term equity accumulation. Public housing authorities and tax credit incentives further reduce effective purchase prices, making homeownership accessible despite initial financial constraints.