. Low Down Payment Home Loans | FHA, VA, Conventional - Loanshoppers

Low Down Payment

The following are among the down payment loan programs being offered today. They range from Conventional, FHA, VA loan programs. As a general rule, the down payment funds must be sourced.

The lender will want to know where it came from. If the source of funds cannot be proven through acceptable documentation such as a check draft, wire transfer, bank transfer, employment, your loan application may be denied.

See 5% Down and 10% down Mortgages Below

Keep in mind that this is not an offer for extension of credit or a commitment to lend. Loans are available to qualified borrowers. Borrowers are subject to credit and underwriting approval. Not all borrowers will be approved for financing. APR depends on borrower credit score and loan type of an ARM or fixed-rate mortgage.

Available for Purchase or Refinance

Loan Type Down Payment Financing up to Credit Score Down Payment Gift Allowed? Max Loan Amount Eligible Property Types Seller contribution allowed? Owner Occupancy or Non-owner?
Conv 97 3% 97% 680+** Yes, blood relative ONLY $424,100 SFR, Condo, Townhouse No Owner
Conv 5% 95% 620+ No $424,100 SFR, Condo, Townhouse Yes Owner
High Balance 5% 95% 660+ No $636,150 SFR, Condo, Townhouse Yes Owner
Conv 10% 90% 500-579 Yes - 5% $424,100 SFR, Condo, Townhouse Yes Owner
FHA 0.5% 99.5% 580+ Yes - 3% $636,150* SFR,Condo, Townhome, Duplex, Triplex, Fourplex Yes Owner
FHA 3.5% 96.5% 580+ Yes - 3% 625,500* SFR, Condo, Townhome, Duplex, Triplex, Fourplex Yes Owner
VA 0% 100% No Minimum Yes - 3% $636,150* SFR, Condo, Townhome, Duplex, Triplex, Fourplex Yes Owner

* Loan amount may be higher for 2 to 4 unit properties.

** If receiving gift for down payment, then credit needed is 740