How much of a down payment is required to qualify for a mortgage loan?

Most loan programs require some amount of down payment as initial equity in your home. Minimum down payments requirements range from 3% - 25%, depending on the loan program and purpose of the loan (primary residence, investment property, etc).

However, there are a few loan programs that may allow for a 0% down payment to qualified borrowers:

  • VA Loans: Some Veterans may qualify for a loan program with a 0% down payment.

  • USDA Loans: Some borrowers may qualify for a USDA loan with a 0% down payment for a home within designated rural areas.

Talk you your Loan Officer to see which options are available to you.

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