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The 20% mortgage down payment is all but dead – Los Angeles Times – But the association’s research finds few adults ages 34 and younger (just 13%) realize they can buy a house with a down payment of 5% or less. These low-down-payment programs aren’t new.
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Down Payment Calculator – How much should you put down? – You can show them the results of a mortgage down payment calculator like ours to help make your case. option 2 is to put less than 20% down to secure a first mortgage on the home itself and use a second loan to finance the difference between your contribution and the 20% mark.
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