Conventional Loan Down Payment Requirements

Residence UsageFixed-Rate Mortgage (FRM)Adjustable-Rate Mortgage (ARM)
1 Unit Primary3% Down Payment10% Down Payment
2 Units Primary15% Down Payment25% Down Payment
3 Units Primary25% Down Payment35% Down Payment
4 Units Primary25% Down Payment35% Down Payment
1 Unit Second Home10% Down Payment20% Down Payment
1 Unit Investment15% Down Payment25% Down Payment
2 Units Investment25% Down Payment35% Down Payment
3 Units Investment25% Down Payment35% Down Payment
4 Units Investment25% Down Payment35% Down Payment

FHA Loan Down Payment Requirements

Minimum Credit ScoreMinimum Down Payment
580 FICO or Above3.5% Down Payment
Below 580 FICO10% Down Payment

VA Loan Down Payment Requirements

Minimum Credit ScoreMinimum Down Payment
620 FICO or Above (Easy Approval)0% Down Payment
Below 620 FICO (More Scrutiny)0% Down Payment

USDA Loan Down Payment Requirements

Minimum Credit ScoreMinimum Down Payment
640 FICO (Automated Approval)0% Down Payment
600 FICO (Manual Underwriting)0% Down Payment
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