A typical down payment in our market is 0.5-3%. There are programs out there that will offer you a loan with no down payment. However, these sorts of programs are usually more strict than others. Don’t get discouraged, there are lots of home loan programs out there. There are loans that you can take out with a significantly smaller down-payment, you would just have to purchase private mortgage insurance, which is another monthly cost that protects the bank or mortgage holder.