For buyers facing affordability challenges getting into a home of their own, Zillow Home Loans is rolling out a new option: a 1% down payment. Through the program, an eligible buyer pays as little ...

A down payment is a sum a buyer pays upfront when purchasing an expensive good such as a home or car. It represents a percentage of the total purchase price, and the balance is usually financed.

Where FHA loans are concerned, the entire down payment can come in the form of a gift. For conventional loans, if you’re putting down 20% or more, all of the funds can come from a gift.