Article

How much down payment do I need?

Why 20% isn't the only path — and the programs that may help.

Many buyers assume they need 20% down. In reality, required down payments vary widely by loan program.

Programs to know

FHA loans offer low down payment options, VA and USDA loans may require no down payment for eligible borrowers, and CalHFA programs may help California first-time buyers with upfront costs.

The trade-offs

A smaller down payment can mean mortgage insurance and a larger loan balance. We'll help you weigh the options.

General educational information only. Not financial advice or a commitment to lend.

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