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Low Down Payment Options
A look at how little you may actually need to put down.
Like "first-time buyer," this is a category rather than one specific loan — a quick reference for how low a down payment can realistically go across different programs. The "20% down" rule most people have heard of generally only applies if you want to skip monthly mortgage insurance; it's rarely a requirement to buy.
Generally a good fit if you...
- Have steady income and decent credit, but limited cash saved up
- Would rather buy sooner with mortgage insurance than wait years to save 20%
- Want to compare your options across programs before picking one
General guidelines
- Conventional: as low as 3% down for qualified buyers
- FHA: 3.5% down with a qualifying credit score
- VA and USDA: 0% down for those who meet eligibility requirements
- Mortgage insurance: generally required below 20% down, but it can often be removed later as you build equity
Want to see what your actual down payment options look like?
Every situation is different, and these are general guidelines — the fastest way to know where you stand is a quick conversation. Send us a message or visit our team page to apply directly.