0% Down Payment

( 100% Financing )

5% Down Payment

10% Down Payment

15% Down Payment

20% or more

Straight 20% Down ( Single Loan No  PMI Required )

Simple Transaction

This is the old standby common method of financing a home with 20% or more down payment.  There is no PMI required.  Good rates are sometimes to be had on low LTV (loan to value) loans.  But be mindful that lower loan amounts will negatively impact the interest rate on the loan. Typically loans below $150,000 begin to have a "Add On" to the cost of the loan.