Please fill in the form below and we will gladly send you information via e-mail on how you can buy a home with 'no money down'. The average downpayment for a house 20 years ago was 20 percent. Today, it's common for people to put as little as five percent down on their new home. Simply put, a "no down payment mortgage" is a mortgage for which you don't put any money down on the purchase of your house. Many lenders now offer such loan programs.