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what is the minimum down payment for FHA?

by gozer616 from Davis, California. 16 days ago Reply


Hans Bruhner (Hans Bruhner)
#128 ranked lender in California - 110 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.

16 days ago
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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.

16 days ago
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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

15 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,625 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

15 days ago
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