Down Payments

Minimum Down Payment: 3.5%

Requires a Credit Score of 580+ for the 3.5% option

*Designed for first-time buyers or buyers with lower credit

Minimum Down Payment: 3% (For Qualified First-Time Buyers)

Common Down Payments: 5%–20%

*If putting less than 20% down, private mortgage insurance (PMI) is required.

Minimum Down Payment: 0%

* Available only to eligible Veterans, active-duty service members, and some surviving spouses.

No monthly mortgage insurance.