FHA Down Payment Requirements

One of the biggest draws of an FHA loan is the low down payment. Here's what to expect and how buyers often fund it.

As Little as 3.5% Down

With a qualifying credit score, FHA loans require a minimum down payment of just 3.5 percent of the purchase price, far less than the traditional 20 percent.

Where the Funds Can Come From

FHA allows your down payment to come from your own savings, a gift from a family member, or eligible down payment assistance programs, which can make buying even more attainable.

Larger Down Payment Options

If your credit score is lower, a larger down payment, often 10 percent, may be required. Your lender will confirm what applies to you.

Don't Forget Closing Costs

In addition to your down payment, you'll budget for closing costs, though sellers can sometimes contribute toward them.

Let's Map Out Your Numbers

As your REALTOR, I can connect you with FHA lenders and help you find down payment assistance. Reach out and we'll build a plan.