How much do I need for a down payment?

Q: How much do I need for a down payment?

B Minimum down payments vary by loan program: FHA requires 3.5% Conventional requires 3% for first-time home buyers, 5% for all others USDA & VA require 0% Forgiveable grants and down payment assistance programs are also availabe

Minimum down payments vary by loan program:

FHA requires 3.5%
Conventional requires 3% for first-time home buyers, 5% for all others
USDA & VA require 0%
Forgiveable grants and down payment assistance programs are also availabe

Last updated March 29, 2024 · Informed Mortgage LLC, NMLS #2523172. General information, not a rate quote or a commitment to lend.