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What is the average down payment on a house? You will be surprised.

There's a range of home loan options available. The most important step is to talk a trusted bank, credit union or a mortgage broker to find out which loans option is offered to you. Remember, there's no one loan fits all solution, your loan will be customized to fix your situation.

On the other hand, there is zero down loan options offered by USDA and VA (Veterans Affairs) backed loans. Those seeking loans through USDA or VA must meet certain guidelines

There are also FHA loans with the minimum of 3.5% down. So what does that mean to those seeking a FHA loan? That means, the down payment on a FHA loan for $150,000 will be a minimum of $5,250, that is, 3.5%. In some cases, lenders are asking for 5% 10% and 20% down. Again, the most important step is to talk to a trusted professional