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Frequently Asked Questions

What is the down payment requirement for an FHA loan?

Perhaps the largest advantage of the FHA loan is that borrowers with less-than-perfect credit can make a down payment as little as 3.5%.

However, in order to qualify for the 3.5 percent down payment, borrowers must have a credit score of at least 580. Applicants with a sub-580 credit score will be required to make a 10 percent down payment.

Let’s compare the minimum required down payment by mortgage type:

Loan Type Minimum Down Payment Required
FHA 3.5%
USDA 0%
Conventional Typically 5 - 20%
VA 0%

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