While just as recently as late 2012, there were more ways to purchase a home with no money down, however new mortgage regulations have now limited us to just the one: borrowed down payment

Homebuyers with excellent credit may borrow their down payment from a line of credit, or credit card. As long as the monthly payment on the borrowed funds can be verified. For example, as mortgage lenders are unable to verify money borrowed from friends or family members, these borrowed sources are not accepted. The down payment can however be gifted from an immediate family member and all that is required is they fill out a form, or type up a letter stating that the money is a gift and does not need to be paid back.