The down payment is related to the final purchase. If you have an FHA loan, it's 3.5 %, VA 0%, Conventional can be as low as 5% (for certain non-conforming loan programs) to 20-25% (to avoid PMI). A Buyer can make a larger down payment, if they choose, to have lower mortgage payments. Before you make an offer, you and your Buyer's Agent need to take into consideration damage and repairs when you make your offer. After the inspection, if the inspector finds material defects, the Seller may pay for them or you can lower your purchase price and make the purchase price and repair the home yourself, if you and the Seller agree to that. Keep in mind, however, that the home has to appraise for your purchase price; and, if you have an FHA or a VA loan approval, the condition of the home must comply with FHA & VA guidelines.