Zero... LOL... I would definitely prefer to pay nothing down. In fact I could probably afford 5% down, and with another 2-3% closing costs, I would be left without any money in my bank. Besides, how much difference would 5% make in terms of monthly payments with a 300-350K loan anyway??!! The bad thing is that I am spoiled with my current apartment: 960 sf for a one-bedroom is awesome. Great view from 18th floor as well. So you can see, I have a very tough comparison base when looking for a house.
We will probably actively look for a mortgage in January. Our objective is to find a home before our lease is due on March 31st. And, if we cannot find a good mortgage or home, we can spend another year here.
