Do I need to put 20% down? | Informed Mortgage LLC

Q: Do I need to put 20% down?

B No, and many homebuyers put down much less. The minimum down payment required varies by loan amount. VA and USDA loans allow for 100% financing and no down payment. FHA loans require 3.5% down and Conventional loans require only 3% down.

No, and many homebuyers put down much less. The minimum down payment required varies by loan amount. VA and USDA loans allow for 100% financing and no down payment. FHA loans require 3.5% down and Conventional loans require only 3% down.

Last updated March 28, 2024 · Informed Mortgage LLC, NMLS #2523172. General information, not a rate quote or a commitment to lend.