What kind of down payments you can expect from FHA and VA loans.
If you’re hoping to buy a home, you might be wondering: How much money do you need for a down payment with an FHA or VA loan?
With an FHA loan, you can put very little down, as low as 3.5%. These will have slightly worse terms, but it’s a government-backed loan, so it’s a great product if you don’t have a ton of savings.
With a VA loan, you can put as little as 0% down! However, you have to be a military veteran to be eligible.
If you think you’re a candidate for one of these options, reach out to a lender or me! I would love to answer any questions you may have. Please call or email anytime!
