– A down payment for a home purchase generally ranges from 3% up to 20% of the price of the home, but there are first time home buyer loan programs available with zero down payment requirements, as well.
How to Get a Mortgage With No Down Payment | U.S. News – Whatever your reasons for seeking a mortgage with no down payment, here are a few options you can explore. An experienced lender or mortgage broker can help you navigate the features of the various programs and help you choose the best one.
Can You Use a Personal Loan for a Home Down Payment. – If you do manage to get approved for a mortgage using a personal loan for a down payment, you’re making a risky mistake. Personal loans can have high interest rates – some as high as 199.00% – and shorter repayment terms than a mortgage.