Technically speaking, yes, but in reality you are going to need at least a grand or so to buy a home. Reason being, you have some things that you must pay "out-of-pocket" before you get to the closing table. Case in point, I am currently working with a client who will be getting back $82 and change at closing. But in truth she has had to come up with $500 earnest money, $250 for a home inspection and $425 for Homeowners insurance for the first year. So, technically she is going to closing owning nothing but she has had expenses along the way. And this doesn't count any moving expenses, new blinds, paint etc she may need. I advise all my clients to have at least a grand or so to buy a home comfortably.