Zero-down options
Eligible VA and USDA borrowers may be able to purchase with 0% down. Program, property, occupancy, income, entitlement, and qualification requirements still apply.
Buying a Home
How Much Down Payment Do I Need?
You may need less than you think.
FHA and conventional
FHA may allow 3.5% down. Some conventional primary-home programs may allow as little as 3% down.
Investment properties
Investment-property financing typically requires 20% to 25% down, although the actual requirement depends on the property, loan structure, credit profile, and program.
Run the numbers first
Let me compare the available options before you empty your savings account. The lowest down payment is not always the best overall mortgage plan.
Written by Marta Lillard
25+ years of mortgage experience, explained in plain English.
Mortgage Broker · First Coast Mortgage Funding · NMLS #879436 · Licensed in Florida and Georgia
Questions about your options?