The minimum down payment required for a conventional loan is 5%. Some special loan programs allow a 3.5% or even 0% down payment. But still, a 20% down payment is considered ideal when purchasing a home.
First Home Buyer Loan Programs Free First time home buyer grants First-home buyers in NSW have taken advantage of more than $1 billion worth of discounts and grants since 2017, new figures reveal. Almost 60,000 first-time purchasers received stamp duty concessions.