I recently had a situation where an individual had bought their first house and took out their mortgage through Bank of America. The loan required a 3% down payment, but Bank of America granted her the funds to cover the 3%, meaning she didn’t actually have to put anything down on the mortgage. When looking into this, I found that no down payment for first-time homebuyers is becoming common. In recent decades, a large portion of the state and city governments in the country have instituted their own down payment assistance programs that first-time homebuyers can apply for. In many