FHA LOANS require 3.5% down payment on purchase with 580 credit scores. USDA LOANS and VA LOANS allow 100% down payment on purchase with zero down payment. Most of my borrowers don't have to worry about closing costs. Closing costs on home purchase can be covered with sellers concessions or lender credit.
Gustan Cho NMLS 873293
Branch Manager of USA MORTGAGE
The Gustan Cho Team at USA MORTGAGE
A Division of DAS ACQUISITION COMPANY NMLS 227262