Down Payments FAQ

Minimum Down Payment for FHA?

3.5 %

Minimum Down Payment for USDA?

0 %

Minimum Down Payment for VA?

0% and no PMI

Minimum for Down Payment for a Jumbo Loan?

As little as 10%

Minimum Down Payment for conventional?

• 3% for first-time homebuyers
• 5% for non-first-time homebuyers

First-time Homebuyer Downpayment Assistance programs?

NCHFA, SCHFA, House Charlotte Program, and many local products. You can ask your Loan Officer which programs you may be eligible for.

Down payment assistance for first-time homebuyers?

There are many programs available for both first-time and repeat buyers with limited down payment funds. It’s best to speak with a licensed loan officer to explore these programs and find what is best suited for your situation.