Does a new home buyer need a large down payment?We are first time buyers looking for a mortgage to be around 1000-1300 and would only have between 5-10,000 for a down payment. Is this possible? We are trying to figure out if it is worth while or even possible to buy instead of rent.August 05 2013 - Roxborough00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.