There are several opportunities for home buyers to purchase their first home with a low down payment mortgage.
Buyers can qualify for mortgages with 3 percent down, and low down payment mortgages are available with $0 down. First-time home buyers save a median 7 percent for a down payment, but even that isn’t required.
You don’t need to save tens of thousands of dollars to have enough money to buy a home. Below are mortgages and down payment assistance programs available to help turn your homeownership dream into a reality.
Low Down Payment Mortgages include: