These are very typical questions regarding down payment that I hear every day as a mortgage loan officer. There is a lot of misunderstanding and lack of knowledge when it comes to mortgage down payment, especially so within the media. For instance, you do not need 20% down payment to purchase a new home.
MINIMUM DOWN PAYMENT OPTIONS:
There are two great mortgage programs that allow for a ZERO down payment, that's right zip, nada, nothing, etc. … (2 comments)
How much do I need for Down Payment? 
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