TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Buying a home

Forum|Forum|5 years ago
April 16, 2020
1 reply
0 views

I am looking to buy a home for the first time. What does my credit score need to be to be able to buy my first home with no money down.

Employee

There aren't really any "no money down" loans unless you are a veteran. You might qualify for an FHA loan which has a minimum 3% down payment, but will should expect to pay mortgage insurance (to cover the bank if you default). You should talk with an independent loan broker who can work with many lenders to see what is available. You should also see if there is a low income or first time home buyer program in your state that can provide down payment assistance.