5. VA Loans
VA loans are made possible thanks to the Department of Veterans Affairs, and they allow veterans and their spouses to buy a house with no money down. The closing costs are limited and the average interest rate is lower than usual which makes it perfect for those who can’t afford huge down payments. Additionally, these loans don’t require mortgage insurance and this reduces monthly costs. The funding fee is between 2.15% to 3.3% depending on several factors such as what military branch did you serve in. You can find more information about VA loans on their website.