Bank of America will Offer Mortgages for 3% Down

http://money.cnn.com/2016/02/22/real_estate/bank-of-america-low-down-payment/index.html

Low down payment mortgages aren't exactly new. But borrowers won't have to pay private mortgage insurance with this loan.
Most loans with less than 20% down, like those backed by the Federal Housing Administration, also require monthly insurance premiums on top of the mortgage payments. The premiums are used to help protect the lender in case the borrower can't make payments.