Q3. What is the minimum down payment I will need to pay?

December 11, 2017

Answer:
Often grants and other forms of assistance are available to reduce a buyer’s out-of-pocket expenses. Please contact us for updated information. The minimum down payment required without the use of down payment programs can be as low as 3% for conventional financing and 3.5% with FHA financing depending on the loan amount and area. Veterans, active duty members, or those buying in a rural area may be eligible for VA or USDA financing, which does not require a down payment.

Last modified: December 11, 2017

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