mortgage & home loan refinance | vase at home

Do I need a 20% down payment to qualify?

Do I need a 20% down payment to qualify?

No, you can qualify for an FHA loan with as little as 3.5% down (or current FHA requirement, as this varies). In addition, the down payment can be a gift, a family loan, or received through an organization. Most other lenders require that you save the down payment yourself, but FHA recognizes that saving 20% can take many years.

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