Are zero-down mortgages making a comeback?

(NewsNation) — Many Americans are struggling to afford a home, and today's typical down payment of $56,000 presents a major obstacle.

One of the nation's largest mortgage lenders is trying to lower that barrier, announcing a new 0% down mortgage program last month. United Wholesale Mortgage (UWM) said the program aims to "help more borrowers become homeowners without an upfront down payment."

Under the program, qualifying borrowers would receive a 3% down payment assistance loan up to $15,000.