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Minimum down payment for house first time buyer?

What is the minimum down payment for house first-time buyer? How do you decide how much to put down on a house?

Asked By Miguel | Taos, NM | 84 views | Finance Legal Info | 3 months ago

Answer(1)

Semi-Pro

27 Answers

Josephine & Raj Sharma

Legacy Homes Realty

(132)

Hi, this is a great question, most places have special programs for first time home buyers and some state and county offers assistance as well. Check with your local loan lender to see what you qualify for. Most likely with FHA loan you can put 3.5% down payment or 5% down with conventional loan.