House Loans and Down Payments

That's up to the lender and whatever their lending requirements and policies are. Most lenders require 20% down. But I know my son made his first home purchase in Jan 2017 with only 15% down. I was told the reason for the reduce down payment requirement was because of a combination of his debt to income ratio, high credit score, and high income.

Depends upon the loan programs in which you meet the qualification criteria.  If you are a veteran with a VA loan entitlement, then you may be able to qualify for a no-down payment loan.  If you are purchasing an owner occupied primary residence, you might qualify for a 3.5% down payment FHA loan.  If you are a police officer or a teacher and want to purchase a home in the area you service or the school district where you teach, there are HUD owned homes you can purchase at a discount and use a HUD loan program.  Spend some time Googling these topics, then talk to your bank's loan officer about what they offer.

I work for Turbo and am looking to learn more from consumers who have been through a loan experience. I would love to chat more with you if you are willing - let me know and we can DM. Thanks!