To put minimal down on a new house, you may pursue
FHA government loans. In addition to being good for people who have minimal money to put
toward a down payment, they may be attainable for first-time home buyers with poor credit. FHA
loans require as little as a 3.5% down payment, 100% of which could be a gift. There are some
restrictions on the home you can buy and the financing you can receive, which your realtor can
tell you about.