No, the Department of Veterans Affairs Program does not require a down payment and allows for 100% financing of the purchase price of the home, without mortgage insurance. Veteran borrowers will still have closing costs they need to pay, however, the program allows for the seller of the property to pay the Veteran borrower’s closing costs, up to 4% of the mortgage amount. A VA Specialist can advise you on how to structure a property purchase contract for seller paid closing costs in order to minimize cash out of pocket closing costs for the home buyer/borrower.