There are a slew of different first time home buyer programs out there that will help with their down payment. There are also fix up loans that will give you a low interest rate to be able to have the funds to improve the property. FHA is the cheapest way to get into a property with 3.5 % down if you are not a first time home buyer. If you have specific questions on getting qualified to purchase a home please call Darin Heller with Advisors mortgage 651-501-0960 x 1 or Bob Krejci with Prime mortgage 651-295-1800. The rules and terms are constantly changing in the mortgage world so it is always best to speak with a loan officer.