Buy With As Little As 3% Down (With a 2% Gift) - Banks Ease Lending Restrictions

Banks offering mortgages with only 5 percent down payments

Source: CNNMoney

Banks like TD Bank, Bank of America, and Wells Fargo are now offering loans with down payments that are as low as 5 percent, which will help buyers who had trouble coming up with enough cash to make a 20 percent down payment. Rising home prices have led private lenders to loosen the purse strings.

 

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http://money.cnn.com/2013/11/05/real_estate/down-payment-mortgages/