The amount of down payment needed is determined by a lot of factors and can be as low as 5% AFAIK (not including FHA backed loans where only 3.5% is required).

The amount of down payment needed is determined by a lot of factors and can be as low as 5% AFAIK (not including FHA backed loans where only 3.5% is required). Now I'm not a financial advisor, but imho putting more down is generally better because you'll pay less in financing costs.