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For many homebuyers, saving up for a down payment can seem like a massive roadblock, especially with home prices skyrocketing. But there are mortgage options designed specifically for those who can’t save the standard 20% down of the loan amount—or don’t want to wait until they do.

Here are some of the most popular mortgage options that require no down payment or just a little money down so you can achieve homeownership sooner rather than later.

Options for a Mortgage With No Down Payment

The primary way to get a mortgage with no down payment is with a government-backed loan. These loans are insured by the federal government, meaning the lender does not have to take on all of the risk if there is a default that leads to foreclosure. This encourages the lender to provide you with more favorable loan terms. There are several main options for a mortgage with no down payment that are backed by the government.