You are more than likely looking at an FHA loan which currently requires a 3.5% downpayment. The downpayment needs to either be your funds, a gift from a family member, or a gift from a non-profit organization that does not receive a direct benefit from giving you the gift.
If you would like to talk with a great lender that works with first time home buyers using FHA loans all of the time, then contact me and I'll get you in touch with him. The best thing to do right now is to talk with a lender and they can pre-qualify you for the loan, and then we can work together to get you the home you are looking for.
Mike Dobranski, REALTORÂ®
Keller Williams Realty
Las Vegas / Henderson, NV
there is a lot of different loan programs and the down payment depends on several factors
first time buyers,credit history etc.my best advice is to get pre-aproved for a loan first
your loan agent can show you all the different programs and help you pick the best one for you.