Close to it, yes. The minimum down payment is 3% (conventional) or 3.5% (FHA) — but down payment assistance exists precisely to cover that. On a $299,188 home, the 3% down payment is about $8,976, and several state programs (New York’s HPD HomeFirst up to $100,000, New Jersey up to $15,000) can cover that entire amount, bringing your own cash needed toward closing close to zero.
As of Q1 2026 there are 2,679 down payment assistance programs in the U.S., and 77% are active and funded (source: Down Payment Resource, Q1 2026 program count). Most cover part or all of the 3% conventional or 3.5% FHA minimum down payment.
Related questions
What is the lowest down payment with assistance?
Assistance can cover the full 3–3.5% minimum, so your own down-payment cash can approach $0. You may still owe some closing costs, though some programs help with those too.
Is 100% financing possible?
With a first mortgage plus a down-payment-assistance second, some buyers finance effectively the entire purchase. Terms depend on the program and your qualification.
Do I still need savings?
Lenders like to see some reserves, and you may owe closing costs and an inspection. But assistance dramatically lowers the cash-to-close hurdle.