The down payment is that portion of the purchase price you furnish yourself. The balance is obtained from a financial institution in the form of a mortgage. The amount of the down payment (which represents your financial stake, or the equity in your new home) should be determined well before you start house hunting.
The larger the down payment, the less your home costs in the long run. With a smaller mortgage, interest costs will be lower and over time this will add up to significant savings.

Nodown Payment Program .  What's the reality?

You've seen the ads for No down Payment Program. What's the reality?

1.Even you buy home with no down payment, Most home has problem to fix.
You should spend money for repair, or should be handyman.
2.Rent is not so work as you wish.

Before signing up for a No down payment program, explore other options.
 

Socrates offers the largest selection of do-it-yourself forms, guides, kits, and software that will save you time and money handling your everyday real estate needs starting at just $14.95. FEATURED PRODUCTS: SHOP BY PRODUCT: » Real Estate Buying & Selling, Leases and Landlording Residential Lease Form Download Price $14.95 Protect yourself and your tenants, clarify rental terms and conditions, and keep key lease information readily available. Landlording Kit Price $27.95 Do background checks, make your policies clear and find the right tenant. Agreement to Sell Real Estate Form Download Price $14.95 Take giant strides to financial independence and protect yourself from future legal problem. Buying/Selling Your Home Kit Price $27.95 This software contains all the instructions and information you need to buy or sell your home.