What is the minimum amount you can put down to purchase a home? It depends on whether you are purchasing the home as your primary residence, second/vacation home, or investment property. Also, it can depend on the type of loan. Here are the minimums:

• VA, USDA, or down payment assistance loan – No down payment

• Primary residence, first-time homebuyer – 3% down

• Primary residence, FHA loan – 3.5% down

• Second/vacation home – 10% down

• Investment property – 15% down

These amounts assume a 1 Unit property. If you are looking to purchase a 2-4 Unit property, the down payment amounts will be more. Contact us with your specific scenario.

We are experts in mortgage financing, and can help you analyze the amount of down payment you should make on the purchase of your home. We look forward to helping you.

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