Conventional Loan Down Payment
| Residence Usage | Fixed-Rate Mortgage (FRM) | Adjustable-Rate Mortgage (ARM) |
|---|---|---|
| 1 Unit Primary | 3% Down Payment | 10% Down Payment |
| 2 Units Primary | 15% Down Payment | 25% Down Payment |
| 3 Units Primary | 25% Down Payment | 35% Down Payment |
| 4 Units Primary | 25% Down Payment | 35% Down Payment |
| 1 Unit Second Home | 10% Down Payment | 20% Down Payment |
| 1 Unit Investment | 15% Down Payment | 25% Down Payment |
| 2 Units Investment | 25% Down Payment | 35% Down Payment |
| 3 Units Investment | 25% Down Payment | 35% Down Payment |
| 4 Units Investment | 25% Down Payment | 35% Down Payment |
FHA Loan Down Payment
| Minimum Credit Score | Minimum Down Payment |
|---|---|
| 580 FICO or Above | 3.5% Down Payment |
| Below 580 FICO | 10% Down Payment |
VA Loan Down Payment
| Minimum Credit Score | Minimum Down Payment |
|---|---|
| 620 FICO or Above (Easy Approval) | 0% Down Payment |
| Below 620 FICO (More Scrutiny) | 0% Down Payment |
USDA Loan Down Payment
| Minimum Credit Score | Minimum Down Payment |
|---|---|
| 640 FICO (Automated Approval) | 0% Down Payment |
| 600 FICO (Manual Underwriting) | 0% Down Payment |
