These loans are often made to borrowers with shaky credit or those who can't come up with the 20 percent down payments required for conventional loans. (twincities.com)
The minimum down payment required by mortgage lenders is 3 % of the house's price, and a 20 % down payment is recommended by the real estate industry. (realtor.com)
This in turn allowed us to estimate how long it would take to save the minimum 3.5 % down payment required on a first - time home purchase. (valuepenguin.com)