There are many types of loan programs out there, all tailored to suit the needs of the buyer. There are conventional loans with 3-20% down, some with downpayment assistance, and some have PMI. FHA loans with 3.5% down, some with downpayment assistance. Less common are VA and USDA loans but if you qualify these are excellent programs. The USDA loan is a no money down loan for rural areas. Talk to your lender and see which loan best fits you needs.