How Can a Single Parent Buy a Home?

There’s no rule that says you need a spouse or partner to buy a home. Single people purchase homes on their own every day. But this doesn't change the fact that buying a home as a single parent can be difficult.

You’re applying for a mortgage alone, which means your qualifying amount could be less than if you had a two-income household. And as a single parent, it might take longer to save for a down payment and closing costs.

While buying a home as a single person has its challenges, homeownership is still within reach. Several home loans and home buying assistance programs make it easier to get a mortgage on a single income.

HUD Good Neighbor Next Door Program

Are you a firefighter, emergency medical technician, teacher, or law-enforcement officer? If so, you might be eligible for the Good Neighbor Next Door home loan program offered by the Department of Housing and Urban Development.

This is an excellent program for a single parent because you could receive up to a 50% discount off the list price of an eligible property. There’s a catch, though. You must purchase in an area under revitalization, and you must agree to live in the house for at least 36 months.

State and Local Programs

Depending on where you live, you might be eligible for state or local home buying assistance programs. These programs are designed to make home ownership more accessible for certain borrowers.

Programs vary but include those that offer assistance on down payments and closing costs to reduce the out-of-pocket cost of purchasing a home.

HUD’s online directory has information on various mortgage assistance programs throughout different states. You can also speak with a Blue Spot expert to see which programs are right for you.

FHA home loans are open to most buyers, but the program can be especially helpful if you’re a single parent looking to purchase a property.

FHA home loans require a down payment as low as 3.5%, and you can qualify with a credit score as low as 580. Plus, if you don’t have enough saved for mortgage-related expenses, this program allows you to use gift funds from an eligible donor who does not have an interest in the sale of the property to cover 100% of your down payment and/or closing costs.

If you’re active-duty military or a veteran, you’re likely eligible for a VA home loan. You might also be eligible if you’re the surviving spouse of an eligible service member. These loans are ideal for a single parent because you can get approved with no down payment and no monthly mortgage insurance.

You might dismiss a USDA home loan if you don’t want to live in a rural area. But you might be surprised to learn that many rural areas within close proximity to metropolitan cities qualify for this home loan. If you find an eligible property, you can purchase with zero down, and you’ll enjoy a low interest rate and a low mortgage insurance premium.

Conventional home loans require a minimum down payment of 5%, which might be too much if you’re a single parent trying to come up with a down payment and closing costs. But don’t completely dismiss the idea of getting a conventional loan.

Even if a standard conventional loan is out of reach, you might be eligible for a conventional loan product like Home Ready. This mortgage only requires 3% down and has flexible credit requirements. Also, your down payment can come from your own funds or a gift. And if you have a roommate who is planning to move with you into your new home, you may be able to use the rent they’ve paid during the past year as income for qualifying purposes.


Buying a home as a single parent is an excellent way to start building wealth, plus home ownership can provide you and your children with the stability you deserve. Getting a mortgage might be easier than you think. Give Blue Spot Home Loans a call today and find out which program is right for your situation.

Cherry Creek Mortgage Co., Inc. NMLS #3001, dba Blue Spot Home Loans is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban Development, Federal Housing Administration, U.S. Department of Agriculture, Veterans Administration or the Federal Government.