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what is the minimum down payment fha will accept?

do they do zero down? i have excellent credit and strong income, but not much in savings at this point. by veronica20200001287 from Bowie, Texas. Apr 30th 2014 Reply


Michael Patterson (MichaelPatterson)
#51 ranked lender in Washington - 73 contributions

FHA always requires at least a 3.5% down payment. However, this can be from gift funds from a family member, or even an employer. There are also down payment assistance programs available. I would check into any Housing Finance Authorities in your area that may offer down payment assistance. Cities are also utilizing federal grant funds in many cases to promote home ownership in certain areas.

Apr 30th 2014
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Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

The minimum down payment FHA requires is 3.5% of the sales price of the home.

Apr 30th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

FHA minimum down payment is 3.50%. That money can come from you, a gift from a relative or employer, or from a state, city, or community down payment assistance program. www.JoeMetzler.com

Apr 30th 2014
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Jarrod McOmie (Jarrod)
#13 ranked lender in Utah - 120 contributions

The minimum down payment required by FHA is 3.5% of the purchase price. Often times there are Down Payment Assistance programs and Grant programs designed to help people like yourself.

Apr 30th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

The minimum down payment for FHA is 3.50%. However, you may qualify for a local down payment assistance program to help if you don't have the full 3.50%. I would contact a local lender who is familiar with HFA's like http://www.tsahc.org/. There may be others too. Best wishes, Sean

Apr 30th 2014
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