I feel that at least a 10% down should be required for all home buyers. And at least 20% for second homes or investment properties. Home prices would be much cheaper, and it would be easier to save up for 10% of 200k vs. 500k. If you can’t manage to save up 10%, why be trusted with a loan? Sorry, I know this will offend some people, but its true. If you are financially responsible, you can save up the difference. Besides, the mortgage on most loans that are 100% financing are at least 2x what rent would cost, you should be able to save up quite a bit renting, if you think you can buy. Anyways, how can you consider it owning a home if you owe 100% on it anyways, seems like renting to me.