The days of a 20% down payment are on the way out. In fact, 6% to 12% is the average down payment right now. But you don’t even need to put down that much in a lot of cases.
There are plenty of low–down–payment loans out there. An FHA loan, for example, can require as little as 3.5%, There are even conventional loans out there that only ask for 3% down. If you qualify for a USDA or VA loan, you’re looking zero money down.