Did you really just link 4 programs, of which 3 are even more limited then VA loans? You said it was easy for
anyone....giving the impression that a average person can easily get a 3% loan with a 650 credit rating
1- No down payment: VA loan
2- No down payment: Navy Federal
we already covered how limited those are
3-No down payment: USDA
The (Department of Agriculture, or) USDA's Rural Development mortgage guarantee program is so popular that it has been known to run out of money before the end of the fiscal year.
If you put little or no money down, you will have to pay a mortgage insurance premium, though.
Direct loans: Issued by the USDA, these mortgages are for low- and very low-income applicants. Income thresholds vary by region. With subsidies, interest rates can be as low as 1%.
https://www.nerdwallet.com/blog/mortgages/usda-loan/
https://www.rd.usda.gov/programs-ser...d-loan-program
USDA is limited in where, how much, how many, whom, can buy a house and 3/4 of where the population lives is disqualified because its not classified as rural.
4-Low down payment: Mortgage insurance
Qualified borrowers can make down payments as low as 3 percent with private mortgage insurance, or PMI
Nope 3% with PMI
5- Weird cause they said 4, but they list 5
Low down payment: FHA
With a minimum down payment of 3.5 percent, the Federal Housing Administration, or FHA, is the low-down-payment option that's available to people with imperfect credit histories.
The FHA charges an upfront premium of 1.75 percent of the mortgage amount. On a 30-year loan with the minimum down payment, there's an annual premium of 0.8 percent of the mortgage amount, or $800 a year for each $100,000 borrowed -- $66.67 a month for a $100,000 loan.
#5 is 3.5%, and they charge you additional 1.75 up front...
so basically none of the programs you listed is easily available or meet the criteria
So basically "anyone can" really means "if you qualify for a special program, which might be 5-10% of the population"
and every program either requires you pay a "fee" of some kind, is really not considered 0 down. 3% fee of 200k is 6 grand. sure its better then 5-20% down but at least that 20% goes towards paying off the mortgage.