Nine Beautiful Properties For Sale In Every Region It's common to put 20% down, but many lenders now permit much less, and first-time-kw realty house buyer programs permit as little as 3% down. But putting down less than 20% might imply greater expenses and paying for personal mortgage insurance, and even a small down payment can still be substantial. For instance, a 5% down payment on a $200,000 house is $10,000. Play around with this deposit calculator to help you arrive at an objective amount. Some pointers for saving for a down payment include setting aside tax refunds and work perks, establishing an automatic savings strategy and utilizing an app to track your development. There are lots of realty mortgage alternatives out there, each with their own combination of pros and cons. If you're having a hard time to come up with a down payment, have a look at: Traditional mortgages that conform to requirements set by the government-sponsored entities Fannie Mae and Freddie