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what is the minimum down payment for FHA?

by gozer616 from Davis, California. Apr 9th 2019 Reply


Hans Bruhner (Hans Bruhner)
#2 ranked lender in California - 119 contributions

3.5% is the minimum down for FHA. You can put as little as 3% down on conventional loans and there are other programs that will allow you to put less down. I am in Northern California as well and can be reached at (707) 529-9951 if you need help.

Apr 9th 2019
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Mike Schults (Mikeschults)
#195 ranked lender in California - 24 contributions

3.5% for the stranded FHA loan. In California we can do Cal FHA loans with no money down. You can also work the deal to have the seller cover all your cost and make it so you come out of pocket with very little.each county has different income guidelines but let me know if I can help you.

Apr 9th 2019
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Douglas Bullwinkel (doug@LenderSolutions.com)
#190 ranked lender in California - 10 contributions

3.5% is the minimum down payment for FHA loans. With our down payment assistance programs, we can provide the down payment and most of the closing costs. You can reach me at 916-295-0044, Doug Bullwinkel, Envoy Mortgage, NMLS #281609

Apr 10th 2019
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

FHA requires 3.5% down payment, Conventional requires 3% down if you are a first time home buyer, and USDA is zero down, but the home must be in a designated USDA area. There are also grant programs available which can help with the down payment, however, most of these programs have income qualifications.. it's intended for low income borrowers, so if you make too much, you wont qualify.. I'd be happy to look closer at your exact scenario and advise you.. let me know.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Apr 10th 2019
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Dave Skow (daveskow)
#1 ranked lender in Washington - 281 contributions

3.5% for FHA ...avoid FHA if possible as the mtg ins required is permanent

May 17th 2019
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