Down-payment Most homebuyers are aware of the required down-payment fee but some are not as well informed. Generally the down-payment is 3.5 to 5 percent of the home's total sales price, however there are some loan types that require lower to zero down-payment. A common belief is that at least a 20 percent down-payment is required for buying a home, but the reality of it is that there are other loan programs available to home-buyers that will require less of a down-payment. Of course buyer and … [Read more...]